UL Solutions (NYSE:ULS) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of UL Solutions (NYSE:ULS) in a research note issued on Tuesday, MarketBeat.com reports. The brokerage set an “overweight” rating and a $39.00 price target on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 9.06% from the stock’s current price.

Several other research firms have also commented on ULS. Bank of America assumed coverage on shares of UL Solutions in a report on Tuesday. They set a “buy” rating and a $42.00 target price on the stock. Wells Fargo & Company began coverage on shares of UL Solutions in a research report on Tuesday. They issued an “overweight” rating and a $40.00 target price for the company. Citigroup assumed coverage on shares of UL Solutions in a research report on Tuesday. They issued a “buy” rating and a $41.00 target price for the company. Finally, Stifel Nicolaus assumed coverage on shares of UL Solutions in a research note on Tuesday. They set a “buy” rating and a $40.00 price objective 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.30.

UL Solutions Stock Down 0.1 %

Shares of NYSE:ULS opened at $35.76 on Tuesday. UL Solutions has a one year low of $33.15 and a one year high of $36.92.

Insider Activity

In related news, insider Weifang Zhou acquired 26,786 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was purchased at an average cost of $28.00 per share, with a total value of $750,008.00. Following the completion of the acquisition, the insider now directly owns 26,786 shares of the company’s stock, valued at $750,008. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other UL Solutions news, insider Weifang Zhou bought 26,786 shares of UL Solutions stock in a transaction on Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, with a total value of $750,008.00. Following the completion of the acquisition, the insider now owns 26,786 shares in the company, valued at $750,008. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Linda S. Chapin bought 1,785 shares of UL Solutions stock in a transaction on Tuesday, April 16th. The shares were acquired at an average cost of $28.00 per share, with a total value of $49,980.00. Following the completion of the acquisition, the executive vice president now owns 1,785 shares of the company’s stock, valued at approximately $49,980. The disclosure for this purchase can be found here. Insiders purchased 199,997 shares of company stock valued at $5,599,916 over the last three months.

About UL Solutions

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.