Are you wanting some new blue chip ASX 200 shares to strengthen your portfolio?
If you are, then you might want to check out the two listed below. That's because these two shares have been named as top buys by analysts. Here's what they are saying about them:
Brambles Limited (ASX: BXB)
Brambles could be a blue chip ASX 200 share to buy right now. It is a supply chain solutions company that specialises in reusable pallets, crates, and containers for shared use.
Bell Potter is very positive on Brambles due to its exposure to structural tailwinds and its ability to pass on inflationary pressures. It commented:
Overall, we are optimistic about the ongoing structural improvements within the business underpinned by supply chain efficiencies, automation benefits and improved data analytics. Additionally, Bramble's scale of business allows the company to pass some of the costs associated with inflation to its customers through its own price rises and surcharges. Further expansion into emerging markets should generate additional earnings growth.
The broker has a buy rating and a $15.65 price target on Brambles shares.
Treasury Wine Estates Ltd (ASX: TWE)
Another blue chip ASX 200 share that could be a buy for investors right now is Treasury Wine. It is one of the world's largest wine companies with a collection of popular brands. This includes Penfolds, 19 Crimes, Wolf Blass, and Blossom Hill.
Goldman Sachs is a fan of the company. Its analysts see a lot of value in Treasury Wine's shares at current levels given its positive earnings growth outlook. It explains:
Based on management track record re-basing the business post China tariff implications, we believe the company will deliver and look for FY23-26e sales CAGR of 6.8%, EPS CAGR 9.3%, in-line with its guidance of sustainable top-line growth and high-single digit average earnings growth over the long-term.
Goldman has a buy rating and a $13.40 price target on Treasury Wine's shares.
