JPMorgan downgraded UL Solutions (ULS) to Neutral from Overweight with a price target of $84, up from $70, following the Q3 report. Following the stock’s 74% rally year-to-date, the risk/reward is more compelling in other areas of the business services group, the analyst tells investors in a research note. The firm cites valuation for the downgrade.
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Read More on ULS:
- Hold Rating for UL Solutions Inc. Amidst Strong Performance and High Valuation
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