If you're looking for some new portfolio additions, then it could be worth checking out the ASX 200 blue-chip shares listed below that have recently been named as buys.
Here's why brokers are feeling very positive on these top shares:
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Brambles Limited (ASX: BXB)
The first ASX 200 blue chip share to look at is Brambles. It is a supply chain solutions company that specialises in reusable pallets, crates, and containers for shared use.
Bell Potter thinks investors should be snapping up the company's shares this week. This is because the broker believes Brambles has a positive outlook thanks to structural tailwinds. It explains:
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.
Endeavour Group Ltd (ASX: EDV)
Goldman Sachs thinks that Endeavour could be a top option for investors looking for ASX 200 blue chip shares to buy.
It likes the Dan Murphy's owner due to its industry-leading position and attractive valuation. Goldman also highlights that it believes all negative news is now fully priced in. It explains:
Our Buy thesis on the stock is based on the following key drivers: 1) Market share gain (already 40% market share) in defensive alcohol retail from consumer data and loyalty advantages; 2) Organic reopening beneficiary with its hotels/pubs business back to pre-COVID sales/property. We believe EDV is trading at a relatively attractive valuation, with potential downside from EGM tax changes already fully priced in. We are Buy rated (on CL) on EDV.
Goldman has a buy rating and a $6.60 price target on the company's shares.
