Citi raised the firm’s price target on UL Solutions (ULS) to $60.50 from $60 and keeps a Buy rating on the shares. The firm continues to believe there is opportunity for UL Solutions to drive margin expansion following its initial public offering. Citi’s new analysis suggests that UL Solutions’ software activities can start to drive margin expansion, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ULS:
- UL Solutions Inc. Reports Strong Earnings in 2024
- UL Solutions Reports Strong 2024 Earnings Growth
- Strong Performance and Future Potential Drive Buy Rating for UL Solutions Inc. Class A
- UL Solutions price target raised to $60 from $57 at Baird
- UL Solutions price target raised to $59 from $56 at Stifel