Innio (NASDAQ:INIO) Upgraded by Robert W. Baird to “Strong-Buy” Rating

Robert W. Baird upgraded shares of Innio (NASDAQ:INIO) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

A number of other equities analysts have also recently weighed in on INIO. JPMorgan Chase & Co. assumed coverage on shares of Innio in a research report on Monday. They set an “overweight” rating and a $44.00 price objective for the company. BNP Paribas Exane assumed coverage on shares of Innio in a research note on Monday. They set an “outperform” rating and a $48.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Innio in a research report on Monday. They set a “buy” rating and a $42.00 price target for the company. Citigroup started coverage on shares of Innio in a research note on Monday. They issued a “neutral” rating and a $42.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on Innio in a research note on Monday. They set a “hold” rating and a $41.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.60.

Innio Trading Up 2.8%

Shares of INIO stock opened at $38.32 on Monday. Innio has a 1-year low of $30.30 and a 1-year high of $42.95.

About Innio

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.