JPMorgan Chase & Co. Raises UL Solutions (NYSE:ULS) Price Target to $40.00

UL Solutions (NYSE:ULS) had its price objective raised by JPMorgan Chase & Co. from $39.00 to $40.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also commented on ULS. Stifel Nicolaus assumed coverage on UL Solutions in a research report on Tuesday, May 7th. They issued a buy rating and a $40.00 price objective on the stock. UBS Group assumed coverage on UL Solutions in a research note on Tuesday, May 7th. They issued a neutral rating and a $38.00 price target on the stock. Wells Fargo & Company assumed coverage on UL Solutions in a research note on Tuesday, May 7th. They issued an overweight rating and a $40.00 price target on the stock. The Goldman Sachs Group assumed coverage on UL Solutions in a research note on Tuesday, May 7th. They issued a neutral rating and a $39.00 price target on the stock. Finally, Citigroup assumed coverage on UL Solutions in a research note on Tuesday, May 7th. They issued a buy rating and a $41.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $40.80.

UL Solutions Stock Performance

Shares of ULS opened at $42.06 on Tuesday. UL Solutions has a one year low of $33.15 and a one year high of $42.21.

Insider Buying and Selling

In other UL Solutions news, EVP Linda S. Chapin acquired 1,785 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were acquired at an average price of $28.00 per share, with a total value of $49,980.00. Following the purchase, 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 can be accessed through this link. In other news, Director James M. Shannon purchased 7,142 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average price of $28.00 per share, with a total value of $199,976.00. Following the purchase, the director now directly owns 7,142 shares of the company’s stock, valued at approximately $199,976. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Linda S. Chapin purchased 1,785 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was purchased at an average cost of $28.00 per share, for a total transaction of $49,980.00. Following the purchase, the executive vice president now directly owns 1,785 shares in the company, valued at $49,980. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 199,997 shares of company stock valued at $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.