Buy these strong blue chip ASX 200 shares now: analysts

Brokers are saying good things about these blue chips.

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There are plenty of blue chip ASX 200 shares to choose from on the Australian share market.

But which ones could be buys right now?

Three that brokers rate as buys are listed below. They are as follows:

CSL Limited (ASX: CSL)

Goldman Sachs thinks that CSL is a blue chip ASX 200 share to buy at present.

After a couple of difficult years, the broker believes that this biotech giant is positioned to deliver strong earnings growth.

Its analysts highlight that "CSL is now entering a period of more capital-efficient growth, driving a sharp improvement in our ROIC forecast." The broker notes that this "positive inflection also coincides with a period of historically-high earnings growth (+14% CAGR FY23-27E), which serves to amplify those incremental returns to shareholders."

Goldman has a conviction buy rating and a $309 price target on its shares.

Macquarie Group Ltd (ASX: MQG)

Another blue chip ASX 200 share that could be a buy is Macquarie. It is one of the world's leading investment banks.

Morgan Stanley is positive on the company and sees value in its shares at the current level. The broker currently has an overweight rating and a $202 price target on them.

Treasury Wine Estates Ltd (ASX: TWE)

Another blue chip ASX 200 share that gets the thumbs up from analysts is wine giant Treasury Wine.

Morgans is a fan of the company and responded positively to its recent acquisition of the Paso Robles luxury wine business, DAOU Vineyards (DAOU) for US$900 million (A$1.4 billion).

The broker highlights that the "acquisition is in line with TWE's premiumisation and growth strategy and will strengthen a key gap in Treasury Americas (TA) portfolio." It also adds that "DAOU has generated solid earnings growth and is a high margin business." This is expected to give the company's margins a boost.

Morgans has an add rating and a $14.15 price target on its shares.

Motley Fool contributor James Mickleboro has positions in CSL and Treasury Wine Estates. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended CSL, Goldman Sachs Group, and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended CSL and Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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