Innio (NASDAQ:INIO) Upgraded to Hold at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Innio (NASDAQ:INIO) to a hold rating in a report published on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Innio to a “hold” rating in a research note on Saturday, June 13th. Bank of America started coverage on Innio in a report on Monday. They issued a “buy” rating and a $46.00 price objective for the company. Deutsche Bank Aktiengesellschaft began coverage on Innio in a research note on Monday. They set a “hold” rating and a $41.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Innio in a report on Monday. They set an “overweight” rating and a $44.00 target price on the stock. Finally, BNP Paribas Exane assumed coverage on Innio in a research report on Monday. They issued an “outperform” rating and a $48.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.

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.