UL Solutions (NYSE:ULS) Now Covered by JPMorgan Chase & Co.

Research analysts at JPMorgan Chase & Co. initiated coverage on shares of UL Solutions (NYSE:ULS) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $39.00 price target on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 9.06% from the company’s previous close.

A number of other research firms have also recently weighed in on ULS. Wells Fargo & Company started coverage on shares of UL Solutions in a research note on Tuesday. They set an “overweight” rating and a $40.00 price target on the stock. Bank of America initiated coverage on shares of UL Solutions in a research report on Tuesday. They issued a “buy” rating and a $42.00 price objective on the stock. Stifel Nicolaus initiated coverage on shares of UL Solutions in a research report on Tuesday. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Citigroup initiated coverage on shares of UL Solutions in a research report on Tuesday. They issued a “buy” rating and a $41.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.30.

UL Solutions Stock Down 0.1 %

NYSE:ULS opened at $35.76 on Tuesday. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $36.92.

Insider Buying and Selling at UL Solutions

In other news, Director James M. Shannon bought 7,142 shares of UL Solutions stock in a transaction on Tuesday, April 16th. The shares were bought at an average cost of $28.00 per share, for a total transaction of $199,976.00. Following the acquisition, the director now owns 7,142 shares in the company, valued at $199,976. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director James M. Shannon acquired 7,142 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average cost of $28.00 per share, for a total transaction of $199,976.00. Following the acquisition, the director now directly owns 7,142 shares in the company, valued at approximately $199,976. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Linda S. Chapin acquired 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, for a total transaction of $49,980.00. Following the completion of the acquisition, the executive vice president now owns 1,785 shares in the company, valued at $49,980. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 199,997 shares of company stock worth $5,599,916.

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.