Wells Fargo analyst Jason Haas raised the firm’s price target on UL Solutions to $43 from $40 and keeps an Overweight rating on the shares. UL Solutions’ solid top-line and potentially conservative FY24 guidance underscore a strong execution backed by secular trends related to the energy transition, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ULS:
- UL Solutions sees FY24 organic revenue growth in mid-single digits
- UL Solutions reports Q1 EPS 28c, consensus 28c
- Citigroup Pulls the Trigger on These 2 ‘Strong Buy’ IPO Stocks
- Target upgraded, CVS downgraded: Wall Street’s top analyst calls
- William Blair starts UL Solutions at Outperform on competitive advantages