UL Solutions price target raised to $100 from $87 at Goldman Sachs

Goldman Sachs raised the firm’s price target on UL Solutions (ULS) to $100 from $87 and keeps a Neutral rating on the shares. UL Solutions delivered strong Q1 results with upside in revenue, margins, and EPS alongside a reiterated full-year outlook, driven by accelerating Industrial growth, expanding demand for AI-related certification, portfolio streamlining and acquisitions that support higher margins, while Consumer and Advisory segments remain softer due to tough comparisons and cyclical headwinds, the analyst tells investors in a research note.