UL Solutions (NYSE:ULS) Coverage Initiated at Stifel Nicolaus

Stock analysts at Stifel Nicolaus began coverage on shares of UL Solutions (NYSE:ULS) in a research report issued on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $40.00 price target on the stock. Stifel Nicolaus’ target price indicates a potential upside of 11.86% from the company’s previous close.

Several other brokerages also recently issued reports on ULS. Bank of America assumed coverage on UL Solutions in a research report on Tuesday. They issued a “buy” rating and a $42.00 price objective for the company. Citigroup assumed coverage on UL Solutions in a research report on Tuesday. They issued a “buy” rating and a $41.00 price objective for the company. Finally, Wells Fargo & Company assumed coverage on UL Solutions in a research report on Tuesday. They issued an “overweight” rating and a $40.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.30.

UL Solutions Trading Down 0.1 %

UL Solutions stock 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 other UL Solutions news, CEO Jennifer F. Scanlon bought 89,285 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was purchased at an average cost of $28.00 per share, with a total value of $2,499,980.00. Following the completion of the purchase, the chief executive officer now owns 89,285 shares in the company, valued at $2,499,980. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Jennifer F. Scanlon bought 89,285 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were acquired at an average price of $28.00 per share, for a total transaction of $2,499,980.00. Following the completion of the acquisition, the chief executive officer now owns 89,285 shares of the company’s stock, valued at approximately $2,499,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Karen K. Pepping acquired 3,571 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average price of $28.00 per share, for a total transaction of $99,988.00. Following the purchase, the chief accounting officer now directly owns 3,571 shares of the company’s stock, valued at $99,988. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 199,997 shares of company stock valued at $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.