Are you interested in adding some ASX 200 shares to your portfolio following the market crash? If you are, you may want to look at the two listed below that have recently been named as buys.
Here’s what you need to know about these ASX 200 shares:
Cochlear Limited (ASX: COH)
The first ASX 200 share for investors to look at is Cochlear. It is one of the world’s leading hearing solutions companies with a portfolio of industry-leading implantable hearing devices.
Analysts at Morgans are very positive on the company, particularly given its improving earnings profile. The broker explained commented:
Cochlear maintains a dominant position in the implantable hearing solutions segment. While we continue to believe a full recovery from Covid-based disruptions still has time to play out, improving demand and strong pipeline, coupled with management’s increasing confidence, suggests an improving earnings profile.
The broker currently has an add rating and $244.50 price target on Cochlear’s shares.
Webjet Limited (ASX: WEB)
Another ASX 200 share for investors to look at is online travel agent, Webjet.
The team at Goldman Sachs is very positive on the company. The broker believes Webjet is well-placed for growth in the coming years as the travel market recovers from the pandemic. It explained:
We forecast WEB to report +11.9% CAGR growth in EBITDA over FY19-24e taking a through COVID view, driven by 1/ a fundamentally stronger Bedbanks business driven by cost outs and stronger market share growth, 2/ Opportunities for market share growth in the B2C business and 3/ A strong balance sheet with a Net cash balance of c. A$108mn as at end of FY22.
Goldman currently has a buy rating and $6.90 price target on Webjet’s shares.