UBS Maintains Buy Ratings, Forecasts Strong Earnings Upside Across Multiple Major Stocks

UBS has maintained buy ratings on several major companies, highlighting strong earnings potential and strategic growth plans. Johnson Controls is expected to see a 70% earnings upside through fiscal 2028, driven by margin improvements and robust capital returns, supported by a recent $9 billion increase in share repurchase authorization and better-than-expected quarterly results. NextEra Energy, a leader in renewable and nuclear energy, retains a buy rating with plans to grow dividends by about 10% annually through 2026, despite some regulatory uncertainties in Florida. Williams Companies is favored for its natural gas pipeline projects, including the upcoming Northeast Supply Enhancement project and potential regulatory approval for the Constitution pipeline, signaling continued investment in high-return energy infrastructure. Arch Capital Group is recognized for strong premium growth, underwriting margins, and capital returns, with plans to deploy significant capital for buybacks and dividends. Banco Santander Brasil was upgraded to buy based on record profitability, diversified earnings, and attractive valuation, amid expectations of sustained value returns through buybacks despite macroeconomic challenges.