Innio (NASDAQ:INIO) Coverage Initiated at JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. started coverage on shares of Innio (NASDAQ:INIO) in a research note issued to investors on Monday, Marketbeat reports. The brokerage set an “overweight” rating and a $44.00 price target on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 21.52% from the stock’s current price.

Several other analysts have also issued reports on the company. Citigroup initiated coverage on Innio in a research note on Monday. They issued a “neutral” rating and a $42.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on Innio in a report on Monday. They set a “hold” rating and a $41.00 target price on the stock. The Goldman Sachs Group assumed coverage on Innio in a research note on Monday. They issued a “buy” rating and a $42.00 price target on the stock. Royal Bank Of Canada initiated coverage on Innio in a report on Monday. They set a “sector perform” rating and a $39.00 price target for the company. Finally, UBS Group assumed coverage on shares of Innio in a report on Monday. They issued a “buy” rating and a $47.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.60.

Innio Trading Down 2.9%

NASDAQ:INIO traded down $1.08 during mid-day trading on Monday, hitting $36.21. The stock had a trading volume of 267,610 shares, compared to its average volume of 4,393,438. Innio has a twelve month low of $30.30 and a twelve 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.