UL Solutions (NYSE:ULS) Now Covered by Analysts at Wells Fargo & Company

Equities researchers at Wells Fargo & Company initiated coverage on shares of UL Solutions (NYSE:ULS) in a research note issued on Tuesday, MarketBeat reports. The firm set an “overweight” rating and a $40.00 price target on the stock. Wells Fargo & Company‘s price target points to a potential upside of 11.86% from the stock’s current price.

Separately, Bank of America initiated coverage on shares of UL Solutions in a research report on Tuesday. They set a “buy” rating and a $42.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.30.

UL Solutions Stock Down 0.1 %

UL Solutions stock opened at $35.76 on Tuesday. UL Solutions has a 12-month low of $33.15 and a 12-month high of $36.92.

Insider Buying and Selling at UL Solutions

In other UL Solutions news, Director James M. Shannon purchased 7,142 shares of the firm’s stock in a transaction 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 purchase, the director now owns 7,142 shares of the company’s stock, valued at approximately $199,976. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other UL Solutions news, EVP Linda S. Chapin purchased 1,785 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average price of $28.00 per share, for a total transaction 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James M. Shannon purchased 7,142 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were acquired 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 in the company, valued at approximately $199,976. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 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.