Innio (NASDAQ:INIO) Upgraded by Zacks Research to “Hold” Rating

Innio (NASDAQ:INIO) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the stock. Robert W. Baird initiated coverage on shares of Innio in a research note on Monday. They set an “outperform” rating and a $50.00 target price for the company. UBS Group assumed coverage on Innio in a research note on Monday. They issued a “buy” rating and a $47.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on Innio in a research report on Monday. They set a “hold” rating and a $41.00 price objective for the company. The Goldman Sachs Group initiated coverage on Innio in a research note on Monday. They set a “buy” rating and a $42.00 price objective for the company. Finally, Wall Street Zen raised Innio to a “hold” rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.60.

Innio Trading Down 3.6%

Shares of Innio stock opened at $38.13 on Tuesday. Innio has a 1 year low of $30.30 and a 1 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.