Innio (NASDAQ:INIO) Now Covered by Bank of America

Bank of America began coverage on shares of Innio (NASDAQ:INIO) in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage set a “buy” rating and a $46.00 price target on the stock. Bank of America‘s price target would suggest a potential upside of 23.36% from the company’s current price.

INIO has been the topic of a number of other reports. Wall Street Zen upgraded Innio to a “hold” rating in a research report on Saturday, June 13th. Robert W. Baird set a $50.00 target price on Innio and gave the stock an “outperform” rating in a research report on Monday. Royal Bank Of Canada assumed coverage on shares of Innio in a report on Monday. They issued a “sector perform” rating and a $39.00 price target on the stock. UBS Group started coverage on shares of Innio in a research note on Monday. They issued a “buy” rating for the company. Finally, Morgan Stanley assumed coverage on shares of Innio in a report on Monday. They set an “overweight” rating and a $47.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.80.

Innio Price Performance

INIO stock opened at $37.29 on Monday. Innio has a twelve month low of $30.30 and a twelve 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.