Innio (NASDAQ:INIO) Rating Increased to Strong-Buy at Robert W. Baird

Innio (NASDAQ:INIO) was upgraded by Robert W. Baird to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on INIO. UBS Group assumed coverage on shares of Innio in a research note on Monday. They issued a “buy” rating and a $47.00 target price on the stock. BNP Paribas Exane started coverage on Innio in a report on Monday. They issued an “outperform” rating and a $48.00 price target for the company. Citigroup assumed coverage on Innio in a research note on Monday. They issued a “neutral” rating and a $42.00 price objective on the stock. Morgan Stanley started coverage on Innio in a report on Monday. They set an “overweight” rating and a $47.00 price objective on the stock. Finally, Royal Bank Of Canada began coverage on Innio in a research report on Monday. They set a “sector perform” rating and a $39.00 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Innio presently has an average rating of “Moderate Buy” and an average target price of $44.60.

Innio Stock Up 2.8%

Shares of INIO opened at $38.32 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.