If you are looking to strengthen your portfolio with some blue chip ASX 200 shares, you may want to look at the two listed below that have been tipped as buys by experts.
Here's why these blue chip shares are highly rated right now:
Goodman Group (ASX: GMG)
The first blue chip ASX 200 share for investors to look at is Goodman Group.
Goodman is a specialist global industrial property group that owns, develops, and manages high-quality, sustainable properties that are close to consumers and provide essential infrastructure for the digital economy.
Among its $77.8 billion portfolio are properties leased to giants including Amazon, Coles Group Ltd (ASX: COL), DHL, and Walmart.
But Goodman isn't resting on its laurels and has $13.8 billion of development work in progress across 85 projects. Pre-commitments remain high across this workbook with completions 100% committed and work in progress 68% committed. Pleasingly, the latter has a yield on cost of 6.4%, which should be supportive of further solid earnings growth in the future.
UBS is positive on Goodman's outlook. So much so, this morning the broker upgraded its shares to a buy rating with a $23.00 price target.
Treasury Wine Estates Ltd (ASX: TWE)
Another ASX 200 blue chip share that have been tipped as a buy is Treasury Wine.
It is one of the world's leading wine companies and the owner of a portfolio of popular wine brands. This includes 19 Crimes, Blossom Hill, Lindeman's, Wolf Blass, and the jewel in the crown, Penfolds.
Treasury Wine has been tipped to deliver strong growth in the coming years thanks to the success of its premiumisation strategy, strong demand in the United States, and the successful reallocation of its China portfolio into other markets.
Morgans is very positive on its outlook and believes the "foundations are now in place for TWE to deliver strong earnings growth […] over the next few years."
Morgans has an add rating and $15.71 price target on its shares.
