UL Solutions (NYSE:ULS) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of UL Solutions (NYSE:ULS) in a report published on Tuesday, MarketBeat.com reports. The brokerage issued a buy rating and a $42.00 price objective on the stock.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus assumed coverage on shares of UL Solutions in a research note on Tuesday. They issued a buy rating and a $40.00 target price for the company. JPMorgan Chase & Co. assumed coverage on UL Solutions in a research note on Tuesday. They set an overweight rating and a $39.00 target price for the company. Bank of America began coverage on UL Solutions in a report on Tuesday. They set a buy rating and a $42.00 target price for the company. Citigroup started coverage on UL Solutions in a report on Tuesday. They set a buy rating and a $41.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on UL Solutions in a report on Tuesday. They set an overweight rating and a $40.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $40.30.

UL Solutions Trading Down 0.0 %

UL Solutions stock opened at $35.80 on Tuesday. UL Solutions has a 1 year low of $33.15 and a 1 year high of $36.92.

Insider Buying and Selling

In other news, Director James M. Shannon bought 7,142 shares of the stock in a transaction dated Tuesday, April 16th. The stock was bought at an average price of $28.00 per share, for a total transaction of $199,976.00. Following the completion of the acquisition, the director now directly owns 7,142 shares in the company, valued at approximately $199,976. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other UL Solutions news, EVP Linda S. Chapin purchased 1,785 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average cost of $28.00 per share, with a total value of $49,980.00. Following the completion of the transaction, the executive vice president now owns 1,785 shares of the company’s stock, valued at approximately $49,980. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James M. Shannon acquired 7,142 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average price of $28.00 per share, for a total transaction of $199,976.00. Following the transaction, the director now directly owns 7,142 shares of the company’s stock, valued at approximately $199,976. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 199,997 shares of company stock worth $5,599,916.

UL Solutions Company Profile

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.