On Nov 06, major Wall Street analysts update their ratings for $UL Solutions (ULS.US)$, with price targets ranging from $55 to $62.
J.P. Morgan analyst Stephanie Yee maintains with a buy rating, and adjusts the target price from $54 to $55.
Wells Fargo analyst Jason Haas CFA maintains with a buy rating, and adjusts the target price from $56 to $62.
Baird analyst Andrew Wittmann maintains with a hold rating, and adjusts the target price from $53 to $57.
Stifel analyst Shlomo Rosenbaum maintains with a buy rating, and adjusts the target price from $55 to $56.
Furthermore, according to the comprehensive report, the opinions of $UL Solutions (ULS.US)$'s main analysts recently are as follows:
The company's performance exceeded forecasts with stronger-than-anticipated organic growth and notable margin improvement, particularly within the consumer sector.
The firm expresses surprise at UL Solutions' share performance following a robust Q3 and increased guidance. It is noted that the company's decision to escalate investments is yielding positive results, and there is substantial potential for the company to gain from major trends such as the Internet of Things (IoT) and the shift towards sustainable energy.
UL Solutions saw a notable uptick in its Q3 earnings, which were significantly robust, benefiting from expansive industry trends and the company's strategic positioning to leverage these developments. The outlook for the second half appears to be on the cautious side, while the increase in the FY25 EBITDAR forecast has prompted a mild lift in expectations.
Here are the latest investment ratings and price targets for $UL Solutions (ULS.US)$ from 4 analysts:
Note:
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