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

Innio (NASDAQ:INIO) was upgraded by stock analysts at Royal Bank Of Canada to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Citigroup assumed coverage on Innio in a research note on Monday. They set a “neutral” rating and a $42.00 target price for the company. UBS Group began coverage on Innio in a report on Monday. They set a “buy” rating and a $47.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Innio in a research report on Monday. They set a “hold” rating and a $41.00 price objective for the company. Bank of America began coverage on shares of Innio in a research note on Monday. They issued a “buy” rating and a $46.00 price objective for the company. Finally, The Goldman Sachs Group began coverage on shares of Innio in a research note on Monday. They set a “buy” rating and a $42.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $44.60.

Innio Trading Up 2.8%

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.