Robert W. Baird Upgrades Innio (NASDAQ:INIO) to Strong-Buy

Innio (NASDAQ:INIO) was upgraded by equities researchers at Robert W. Baird to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Innio in a report on Monday. They issued a “hold” rating and a $41.00 target price for the company. Morgan Stanley assumed coverage on shares of Innio in a research report on Monday. They set an “overweight” rating and a $47.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Innio in a research note on Monday. They set an “overweight” rating and a $44.00 price objective on the stock. Wall Street Zen upgraded Innio to a “hold” rating in a research report on Saturday, June 13th. Finally, BNP Paribas Exane initiated coverage on shares of Innio in a research note on Monday. They set an “outperform” rating and a $48.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.60.

Innio Stock Performance

NASDAQ INIO 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.