JPMorgan Chase & Co. Begins Coverage on UL Solutions (NYSE:ULS)

Equities researchers at JPMorgan Chase & Co. started coverage on shares of UL Solutions (NYSE:ULS) in a research note issued on Tuesday, Briefing.com reports. The firm set an “overweight” rating and a $39.00 price target on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 8.12% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. 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. Citigroup started coverage on UL Solutions in a research note on Tuesday. They set a “buy” rating and a $41.00 price objective on the stock. Stifel Nicolaus started coverage on UL Solutions in a research note on Tuesday. They issued a “buy” rating and a $40.00 target price for the company. Finally, Wells Fargo & Company started coverage on UL Solutions in a research report on Tuesday. They set an “overweight” rating and a $40.00 price target on the stock. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, UL Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $40.30.

UL Solutions Stock Performance

ULS opened at $36.07 on Tuesday. UL Solutions has a twelve month low of $33.15 and a twelve month high of $36.07.

Insider Activity at UL Solutions

In other news, Director James M. Shannon acquired 7,142 shares of UL Solutions stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average cost of $28.00 per share, for a total transaction of $199,976.00. Following the transaction, the director now owns 7,142 shares of the company’s stock, valued at $199,976. The purchase was disclosed in a legal filing with the SEC, 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 on Tuesday, April 16th. The shares were purchased at an average cost of $28.00 per share, with a total value of $49,980.00. Following the completion of 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 SEC, which can be accessed through this link. Also, Director James M. Shannon acquired 7,142 shares of the stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average price of $28.00 per share, with a total value of $199,976.00. Following the completion of the acquisition, the director now owns 7,142 shares in the company, valued at approximately $199,976. The disclosure for this purchase can be found here. Insiders have bought a total of 199,997 shares of company stock valued at $5,599,916 over the last 90 days.

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.