Goldman Sachs raised the firm’s price target on UL Solutions (ULS) to $63 from $57 and keeps a Neutral rating on the shares. The company reported healthy Q1 results, with revenue, EBITDA margins and EPS coming ahead of consensus expectations, and the full year guide reaffirmed, the analyst tells investors in a research note. UL Solutions is seeing healthy 8% y/y organic revenue growth in both its Industrial and Consumer businesses despite macro uncertainty, underscoring the resilience of its business model and the essential nature of testing, inspection and certification services, the firm added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ULS:
- Morning Movers: DoorDash falls following Q1 results and pair of acquisitions
- UL Solutions reports Q1 adjusted EPS 37c, consensus 31c
- ULS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- UL Solutions announces enhancements to testing methods for BESS
- UL Solutions opens Ningbo Retail and Consumer Products Laboratory
