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.
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