Innio (NASDAQ:INIO) Upgraded by UBS Group to “Strong-Buy” Rating

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

Several other research analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Innio in a research note on Monday. They issued a “hold” rating and a $41.00 target price on the stock. Robert W. Baird initiated coverage on shares of Innio in a report on Monday. They issued an “outperform” rating and a $50.00 price objective on the stock. Morgan Stanley initiated coverage on shares of Innio in a research note on Monday. They issued an “overweight” rating and a $47.00 price objective on the stock. Citigroup initiated coverage on shares of Innio in a report on Monday. They set a “neutral” rating and a $42.00 target price for the company. Finally, BNP Paribas Exane began coverage on shares of Innio in a research report on Monday. They set an “outperform” rating and a $48.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.60.

Innio Stock Performance

Innio stock opened at $39.55 on Monday. Innio has a 12-month low of $30.30 and a 12-month 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.