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

JPMorgan Chase & Co. assumed coverage on shares of UL Solutions (NYSE:ULS) in a research report released on Tuesday morning, Marketbeat.com reports. The firm issued an overweight rating and a $39.00 price objective on the stock.

Several other research firms have also recently issued reports on ULS. 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 target price for the company. 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 for the company. Stifel Nicolaus assumed coverage on UL Solutions in a research report on Tuesday. They set a buy rating and a $40.00 target price on the stock. Finally, Wells Fargo & Company initiated coverage on UL Solutions in a report on Tuesday. They issued an overweight rating and a $40.00 price target for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $40.30.

UL Solutions Stock Performance

Shares of ULS stock opened at $35.80 on Tuesday. UL Solutions has a twelve month low of $33.15 and a twelve month high of $36.92.

Insider Activity

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

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.