Are you on the lookout for some ASX 200 blue chip shares to add to your portfolio in January?
If you are, then it could pay to look at the three listed below that analysts rate highly. Here's what they are saying about these shares:
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Flight Centre Travel Group Ltd (ASX: FLT)
Analysts at Macquarie think that Flight Centre could be an ASX 200 blue chip share to buy.
Flight Centre is of course a leading travel company best known for its eponymous brand. It also operates a diverse portfolio which includes Aunt Betty, Corporate Traveller, FCM, Stage & Screen, and Travel Associates.
Macquarie believes that recent weakness in the Flight Centre share price has created a buying opportunity for investors. Especially given its belief that its softer-than-anticipated start to FY 2025 is only a temporary setback.
Macquarie recently put an outperform rating and $22.34 price target on its shares.
James Hardie Industries plc (ASX: JHX)
Another ASX 200 blue chip share that analysts are bullish on is James Hardie.
It is a building materials company and the clear market leader in fibre cement in the United States.
Bell Potter is positive on the company. It believes "James Hardie is poised for continued earnings expansion, driven by the structural shift towards fibre cement in the US."
It notes that households in the US are continuing "to shift to fibre cement cladding from vinyl/timber, providing a multi-year runway for JHX's revenue and profit growth." In addition, the broker highlights that with a "strong market position, premium brand, and pricing power, JHX is poised to capitalise on structural growth in the fibre cement market and cyclical tailwinds from potential rate cuts."
Bell Potter recently put a buy rating and $64.00 price target on the company's shares.
Treasury Wine Estates Ltd (ASX: TWE)
A third ASX 200 blue chip share that has been named as a buy is Treasury Wine Estates.
It is a leading wine company with a portfolio of popular brands. This includes Penfolds, Wolf Blass, Lindeman's, and 19 Crimes.
Analysts at Morgans are very positive on the company's outlook and believe that it is well-positioned for growth. Particularly following the recent acquisition of DAOU Vineyards, which the broker notes "is in line with TWE's premiumisation and growth strategy and will strengthen a key gap in Treasury Americas (TA) portfolio."
In addition, the broker feels that "if TWE delivers on its investment case [with the acquisition], there is material upside to our valuation."
Morgans currently has an add rating and $14.80 price target on its shares.
