Zacks Research Upgrades Innio (NASDAQ:INIO) to Hold

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

Several other brokerages also recently issued reports on INIO. Bank of America started coverage on shares of Innio in a research note on Monday. They issued a “buy” rating and a $46.00 target price on the stock. Robert W. Baird started coverage on shares of Innio in a report on Monday. They issued an “outperform” rating and a $50.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on Innio in a research report on Monday. They issued an “overweight” rating and a $44.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on Innio in a research note on Monday. They set a “hold” rating and a $41.00 target price on the stock. Finally, Morgan Stanley started coverage on Innio in a research note on Monday. They issued an “overweight” rating and a $47.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Innio currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.60.

Innio Price Performance

Shares of NASDAQ INIO opened at $38.13 on Tuesday. 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.