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

Equities researchers at Jefferies Financial Group started coverage on shares of UL Solutions (NYSE:ULS) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $42.00 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 16.44% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Bank of America assumed coverage on shares of UL Solutions in a research note on Tuesday. They issued a “buy” rating and a $42.00 price objective on the stock. Robert W. Baird initiated coverage on shares of UL Solutions in a report on Tuesday. They issued an “outperform” rating and a $40.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of UL Solutions in a report on Tuesday. They set an “overweight” rating and a $39.00 price objective for the company. Citigroup assumed coverage on shares of UL Solutions in a research note on Tuesday. They issued a “buy” rating and a $41.00 target price on the stock. Finally, Stifel Nicolaus started coverage on UL Solutions in a report on Tuesday. They set a “buy” rating and a $40.00 price objective on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.30.

UL Solutions Price Performance

Shares of UL Solutions stock opened at $36.07 on Tuesday. UL Solutions has a 12-month low of $33.15 and a 12-month high of $36.07.

Insiders Place Their Bets

In other UL Solutions news, EVP Linda S. Chapin bought 1,785 shares of UL Solutions stock in a transaction dated Tuesday, April 16th. The shares were bought 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 $49,980. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Linda S. Chapin purchased 1,785 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were bought 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 directly owns 1,785 shares in the company, valued at approximately $49,980. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Karen K. Pepping purchased 3,571 shares of UL Solutions 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 $99,988.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,571 shares in the company, valued at $99,988. The disclosure for this purchase can be found here. In the last three months, insiders bought 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.