If you are building a retirement portfolio, you will no doubt be looking for high-quality picks that have strong and sustainable business models.
Well, the good news is that there are plenty of ASX 200 shares on the Australian market that tick these boxes and could be great options.
But which ASX 200 shares are analysts tipping as buys? Let's take a look at three:
CSL Ltd (ASX: CSL)
The first ASX 200 share to consider for a retirement portfolio is CSL. It is a biotechnology giant with world-class operations spanning plasma therapies, vaccines, and kidney disease treatments.
The team at Macquarie thinks that CSL would be a great long term options. Particularly given its belief that CSL is well-positioned to deliver double-digit earnings growth over the coming years.
It is for this reason that the broker currently has an outperform rating and $330.00 price target on its shares. The broekr also sees scope for the company's shares to rise to $500 within the next three years.
Telstra Corporation Ltd (ASX: TLS)
Another ASX 200 share that could be a great option for retirees is Telstra. It has a lot of qualities that you would want for a retirement portfolio. This includes defensive earnings, a positive growth outlook, and a favourable payout ratio.
Goldman Sachs is a big fan of the telco giant. It highlights that it likes Telstra due to the "low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business."
The broker expects this to underpin fully franked dividends of 19 cents per share in FY 2025 and then 20 cents per share in FY 2026. Based on the current Telstra share price of $3.87, this equates to yields of 4.9% and 5.2%, respectively.
Goldman has a buy rating and $4.35 price target on Telstra's shares.
Transurban Group (ASX: TCL)
A final ASX 200 share that could be a top option for a retirement portfolio is Transurban. It is a toll road operator with a portfolio of important roads across Australia and North America.
The team at UBS is tipping Transurban's shares as a buy. It likes the company due to its positive outlook and belief that its margins are improving. In addition, the broker has previously highlighted that the West Gate Tunnel project is on track to complete next year and should give its earnings and dividend a lift.
Speaking of which, the broker is forecasting dividends per share of 65 cents in FY 2025 and then 69 cents in FY 2026. Based on the current Transurban share price of $13.14, this will mean yields of 4.9% and 5.25%, respectively.
UBS currently has a buy rating and $14.60 price target on the company's shares.
