Innio (NASDAQ:INIO) Rating Increased to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Innio (NASDAQ:INIO) to a strong-buy rating in a report released on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on the company. UBS Group initiated coverage on Innio in a research note on Monday. They set a “buy” rating and a $47.00 price target on the stock. Bank of America assumed coverage on Innio in a research note on Monday. They issued a “buy” rating and a $46.00 price objective for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Innio in a research report on Monday. They set a “hold” rating and a $41.00 target price on the stock. Robert W. Baird assumed coverage on shares of Innio in a report on Monday. They issued an “outperform” rating and a $50.00 target price on the stock. Finally, Citigroup initiated coverage on shares of Innio in a research report on Monday. They issued a “neutral” rating and a $42.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Innio presently has an average rating of “Moderate Buy” and an average target price of $44.60.

Innio Stock Up 2.8%

INIO opened at $38.32 on Monday. Innio has a one year low of $30.30 and a one year high of $42.95.

Innio Company Profile

INNIO is a provider of energy solutions, offering reciprocating gas engines, power generation systems, and related services for distributed power generation and gas compression applications. Its portfolio is designed to support customers in industries such as utilities, data centers, agriculture, wastewater, and oil and gas, where reliable on-site power and efficiency are important.

The company is best known for its Jenbacher and Waukesha brands, which are used in engines and power systems that can run on natural gas, biogas, and other gaseous fuels.