If you're in the market for some new ASX 200 stocks in September, then it could be worth listening to what analysts at Bell Potter are saying.
That's because they have just revealed their favoured picks for the month ahead.
Three on its list this month are named below. Here's what the broker is saying about them:
CSL Ltd (ASX: CSL)
Bell Potter thinks that biotechnology giant could be an ASX 200 stock to buy this month. This is due to its positive growth outlook and attractively priced shares. It said:
CSL presents an attractive buying opportunity as we anticipate the start of a margin recovery phase for CSL, driving above-market earnings growth over the next few years. CSL trades at a 12-month forward PE of ~31x, representing a discount to its 5 year average of ~35x. Furthermore, the company will continue to deleverage the balance sheet over the next few years. Given the company's proven quality and growth prospects, we believe significant upside remains
The broker has a buy rating and $316.50 price target on its shares.
Light & Wonder Inc. (ASX: LNW)
Another ASX 200 share that Bell Potter has named as a favoured pick this month is Light & Wonder.
It is a Nasdaq and ASX listed gaming company with a focus on slot machines, social casino games, and real money gaming content. Bell Potter believes the company is well-placed for growth. It explains:
LNW operates globally, with over 67% of its revenue historically derived from the US. We anticipate that LNW's cross-platform strategy and leading scale will enhance game performance metrics relative to competitors in both land-based and digital markets. As a result, we expect this improvement in product quality to strengthen LNW's competitive advantage, allowing the company to generate above industry average ROIC.
Bell Potter has a buy rating and $180.00 price target on its shares.
Nickel Industries Ltd (ASX: NIC)
A new addition to its favoured picks this month is nickel producer Nickel Industries. The broker likes the company due to its strong production growth outlook, attractive yield, and undemanding valuation. It explains:
NIC is the only pure-play producer of scale on the ASX providing exposure to the nickel price, with earnings diversified across Type 1 and Type 2 nickel. Its aggressive growth profile is fully funded, it is currently moving through the peak CAPEX phase which we forecast to drive strong earnings growth in CY25 and CY26. NIC has long-life assets with demonstrated ability to make money through the nickel price cycle while also sustaining a supportive (unfranked) dividend which we forecast to grow. At these levels it trades on undemanding valuation multiples.
Bell Potter has a buy rating and $1.47 price target on its shares.
