Innio (NASDAQ:INIO) Raised to Strong-Buy at UBS Group

Innio (NASDAQ:INIO) was upgraded by equities research analysts at UBS Group to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

INIO has been the topic of a number of other reports. BNP Paribas Exane began coverage on shares of Innio in a research note on Monday. They issued an “outperform” rating and a $48.00 price objective on the stock. Bank of America started coverage on Innio in a report on Monday. They issued a “buy” rating and a $46.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on Innio in a report on Monday. They set a “hold” rating and a $41.00 price target for the company. Morgan Stanley began coverage on shares of Innio in a research note on Monday. They issued an “overweight” rating and a $47.00 price target on the stock. Finally, Citigroup started coverage on shares of Innio in a report on Monday. They set a “neutral” rating and a $42.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.60.

Innio Price Performance

Shares of 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.

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.