UL Solutions price target raised to $79 from $69 at Goldman Sachs

Goldman Sachs analyst George Tong raised the firm’s price target on UL Solutions (ULS) to $79 from $69 and keeps a Neutral rating on the shares. UL Solutions reported robust Q3 results, with revenue, EBITDA margins and EPS outperforming consensus and the full-year guidance raised, the analyst tells investors in a research note. UL Solutions is delivering resilient and accelerating organic revenue growth across its segments despite an uncertain macro environment, reflecting secular tailwinds and the essential nature of testing, inspection and certification services, the firm adds.