UL Solutions price target lowered to $70 from $72 at UBS

UBS analyst Joshua Chan lowered the firm’s price target on UL Solutions (ULS) to $70 from $72 and keeps a Neutral rating on the shares. UL Solutions reported relatively in-line Q2 results, but the in-line Q2 came after several quarters of more significant beats, amounting to a change in cadence this quarter, the analyst tells investors in a research note. UBS believes not much has changed in the company’s outlook, and the pullback could be “intriguing.”