If you're looking for a few new additions to your portfolio in June, then look no further.
Analysts at Morgans have picked out a number of ASX shares that they class as their best ideas for the month.
Below are two top ASX shares that the broker rates highly this month. They are as follows:
BHP Group Ltd (ASX: BHP)
Morgans thinks this mining giant could be a top option for investors this month. This is due to its strong balance sheet, diverse operations, and belief that it is a low risk option in the sector.
It explained:
We view BHP as relatively low risk given its superior diversification relative to its major global mining peers. The spread of BHP's operations also supplies some defence against direct Covid-19 impact on earnings contributors. While there are more leveraged plays sensitive to a global recovery scenario, we see BHP as holding an attractive combination of upside sensitivity, balance sheet strength and resilient dividend profile.
Morgans has an add rating and $48.30 price target on BHP's shares. This compares to the current BHP share price of $45.33.
Treasury Wine Estates Ltd (ASX: TWE)
Another ASX share that could be a top option in June according to Morgans is Treasury Wine. Its analysts believe the wine company's shares are attractively price, especially given its positive growth outlook.
Morgans commented:
TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The company recently reported an impressive 1H22 result despite facing several material headwinds. The foundations are now in place for TWE to deliver strong double-digit growth from 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.
Morgans has an add rating and $13.93 price target on the company's shares. This compares to the latest Treasury Wine share price of $11.71
