2 ASX 50 shares Morgans rates as buys

These blue chips could be in the buy zone…

If you're looking to add some quality shares to your investment portfolio, then you might want to look at the ASX 50 shares listed below.

Here's why analysts at Morgans are tipping these ASX 50 shares as ones to buy right now:

Two brokers pointing and analysing a share price.

Image source: Getty Images

CSL Limited (ASX: CSL)

The first ASX 50 share to look at is CSL. This biotherapeutics giant could be a top option for investors looking for exposure to the healthcare sector.

Particularly given the underperformance of the CSL share price over the last 12 months, which Morgans appears to see as an opportunity for investors to buy in at a good price. Its analysts have an add rating and $327.60 price target on its shares.

Morgans explained: "Promisingly, plasma collections continue to improve, although remain slightly below pre-pandemic levels, and while industry wide issues remain (eg Omicron; staffing; increase costs), the worst appears behind us."

"While near term challenges remain, the ongoing recovery in plasma collections, coupled with management's confidence, paints a favourable earnings picture," it adds.

Wesfarmers Ltd (ASX: WES)

Another ASX 50 share that is rated highly by Morgans is Wesfarmers. It is of course the conglomerate behind the Bunnings, Kmart, Officework, and Target businesses, as well as a collection of industrial businesses.

The team at Morgans believes that recent weakness in the Wesfarmers share price has created a buying opportunity for investors. Its analysts currently have an add rating and $58.50 price target on its shares.

It said: "Despite ongoing uncertainty in the operating environment, we think WES is well-placed to benefit when conditions improve and continue to view the stock as a core portfolio holding for long-term investors."

This is due to its "diversified group of retail and industrial brands, solid balance sheet and strong leadership team that will continue delivering value for shareholders."

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. The Motley Fool Australia owns and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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