The same kind of tools exist in PS - as adjustment layers - in this case usually working HSL, and depending on the need, perhaps small subsequent adjustments in Exposure, or Curves. It's slower than just selecting a profile, but it can be helpful periodically. The more usual scenario for me, starting from raw files imported to LR with all settings zeroed, is the need to increase Vibrance and contrast rather than the reverse. But again, depends on the photo - no rules - that's why it's art.