Are you on the lookout for some blue chip ASX 200 shares to strengthen your portfolio?
If you are, then you may want to look closely at the two high-quality options listed below that have been named as top picks.
Here's why brokers are bullish on them:
Goodman Group (ASX: GMG)
The first blue chip ASX 200 share that could be a buy is Goodman Group.
Goodman is a specialist global industrial property company. It owns, develops, and manages high-quality, sustainable properties that are close to consumers and provide essential infrastructure for the digital economy.
Citi is positive on the company and has a buy rating and a $24.50 price target on its shares.
The broker believes Goodman's shares are good value based on its positive growth outlook. It commented:
The stock is generating solid earnings growth amidst a sea of negative earnings changes in the REIT sector, and we see good value at ~19x FY24 PE with >12% EPS CAGR over FY24-FY26.
Treasury Wine Estates Ltd (ASX: TWE)
Another blue chip ASX 200 share that could be a buy is Treasury Wines.
It is one of the world's leading wine companies and the owner of popular brands including Penfolds, Beringer, 19 Crimes, Lindemans, and Wolf Blass.
Goldman Sachs is a fan of Treasury Wine and has a buy rating and a $13.40 price target on its shares. The broker believes the company can grow at a solid rate long into the future. It said:
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.
