If you are wanting to add some ASX 200 blue chip shares to your portfolio in May, then the five shares listed below could be worth a closer look.
These ASX 200 shares have all been named as buys recently by analysts and tipped to rise from current levels.
Here's what you need to know about them:
Brambles Limited (ASX: BXB)
Analysts at UBS think that Brambles could be an ASX 200 blue chip share to buy. It is a supply chain solutions company that specialises in reusable pallets, crates, and containers for shared use.
The broker was pleased with its stronger than expected first-half results in February and recent third quarter update. In response, the broker has put a buy rating on its shares with an improved price target of $17.30.
CSL Limited (ASX: CSL)
Another ASX 200 blue chip share that could be a buy is CSL. It is one of the world's leading biotechnology companies, comprising the CSL Behring, CSL Vifor, and Seqirus businesses. These are leaders in their respective fields of blood plasma products, kidney therapies, and vaccines.
Analysts at UBS are bullish on the company. They have a buy rating and $330.00 price target on its shares.
Goodman Group (ASX: GMG)
Another ASX 200 blue-chip share that could be a buy for investors according to analysts is Goodman Group. It is a leading integrated commercial and industrial property company with a world class portfolio of in-demand assets.
Morgan Stanley is very positive on the company's outlook, especially given its exposure to the artificial intelligence boom through its data centre pipeline. The broker currently has an overweight rating and $36.65 price target on its shares.
Transurban Group (ASX: TCL)
Bell Potter thinks that this toll road operator could be a top blue chip option for investors this month.
It highlights that "the current inflationary environment is favourable for Transurban given its inflation-linked revenue stream with annual escalators."
Bell Potter has a buy rating $15.90 price target on the company's shares.
Treasury Wine Estates Ltd (ASX: TWE)
Finally, a fifth ASX 200 blue chip share that has been named as a buy is Treasury Wine. It is the wine giant behind popular brands including Penfolds, Wolf Blass, 19 Crimes, and Blossom Hill. It also recently acquired US-based DAOU Vineyards for $1.4 billion.
Morgans is a big fan of Treasury Wine and sees a lot of value in its shares at current levels. The broker currently has an add rating and $14.03 price target on its shares.
