With a new month on the horizon, now could be a good time to look at making some additions to your portfolio.
If it's ASX 200 blue-chip shares that you're interested in, then take a look at the two listed below. Here's what analysts are saying:
Goodman Group (ASX: GMG)
The team at Morgans continues to rate this industrial property company as an ASX 200 blue chip share buy.
While its shares trade at a premium, the broker believes this is more than deserved. Especially given its belief that "beds and sheds" are the place to invest right now. It explains:
GMG rarely screens cheap against domestic peers, but within the context of its offshore peers, it consistently delivers higher returns at lower levels of leverage and at a comparable price to book ratio. […] With continued increases in interest rates and persistent inflation (most notably construction costs), risks abound the REIT sector. This drives our preference for beds and sheds, reflecting the strength of those underlying operating markets.
Its analysts have an add rating and a $23.50 price target on Goodman's shares.
Treasury Wine Estates Ltd (ASX: TWE)
Another blue chip ASX 200 share that could be a buy in November is Treasury Wine.
It is one of the world's largest wine companies with a collection of popular brands such as Penfolds, 19 Crimes, Wolf Blass, and Blossom Hill.
Goldman Sachs is a fan of the company. Its analysts see value in its 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.
There is also the potential for Treasury Wine's growth to be boosted by the removal of tariffs in China. The Chinese government has agreed to review these tariffs, which is a positive step forward.
Goldman has a buy rating and a $13.40 price target on Treasury Wine's shares.