UL Solutions (NYSE:ULS) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of UL Solutions (NYSE:ULS) in a research report released on Tuesday morning, MarketBeat reports. The firm issued an overweight rating and a $40.00 target price on the stock.

Separately, Bank of America began coverage on UL Solutions in a research report on Tuesday. They set a buy rating and a $42.00 target price for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $40.30.

UL Solutions Price Performance

UL Solutions stock opened at $35.77 on Tuesday. UL Solutions has a 1 year low of $33.15 and a 1 year high of $36.92.

Insiders Place Their Bets

In other news, insider Weifang Zhou bought 26,786 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, for a total transaction of $750,008.00. Following the purchase, the insider now owns 26,786 shares of the company’s stock, valued at approximately $750,008. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other UL Solutions news, insider Weifang Zhou bought 26,786 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were acquired at an average cost of $28.00 per share, with a total value of $750,008.00. Following the acquisition, the insider now owns 26,786 shares of the company’s stock, valued at $750,008. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 acquired at an average price of $28.00 per share, for a total transaction of $199,976.00. Following the purchase, the director now owns 7,142 shares in the company, valued at approximately $199,976. The disclosure for this purchase can be found here. Over the last three months, insiders have 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.