Do you have space in your portfolio for a couple of new additions?
If you do, then it could be worth checking out the two ASX 200 shares listed below that analysts rate as buys according to The Bull.
In addition, there is one ASX 200 share that has been named as a sell after rising strongly this year. Here's what they are recommending:
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Dexus (ASX: DXS)
The team at Baker Young is recommending this property company as an ASX 200 share to buy this week.
Its analysts believe that the stage is set for a recovery in the office property market, which bodes well for Dexus. So, with its shares trading at a discount to net tangible assets, Baker Young feels that now is a good time to invest. It said:
Dexus is an Australasian real estate group. It manages quality real estate and an infrastructure portfolio. The outlook for fiscal year 2026 looks brighter as potentially falling global interest rates and real asset price inflation combine to spark an office property recovery supported by stabilising occupancy trends. The stock was recently trading more than 10 per cent below net tangible asset backing. We see attractive value around current levels for capital growth and income given the expected near 5 per cent distribution yield.
Transurban Group (ASX: TCL)
Over at Catapult Wealth, its analysts think that toll road operator Transurban could be a top ASX 200 share to buy now.
They like the company due to its improving performance, flat costs, and key projects nearing completion. They said:
Transurban operates toll roads across Australia and North America. It remains one of the few listed quality infrastructure assets available to Australian investors. Average daily traffic across the group increased by 2.7 per cent in the September quarter, with an average of 2.6 million trips a day. Proportional toll revenue of $3.732 billion in fiscal year 2025 was up 5.6 per cent on the prior corresponding period. Proportional operating costs of $947 million were flat. Some key projects are nearing completion, which is positive as they begin contributing to earnings and overall traffic volumes.
Newmont Corporation (ASX: NEM)
One ASX 200 share that could be a sell according to Baker Young is gold giant Newmont.
Its analysts think that the recent spike in the gold price is unsustainable. As a result, they think investors should be taking profit after its strong gains this year. Especially after the release of a mixed quarterly update. They explain:
As much as the underlying drivers of record gold prices remain intact, including inflation, low interest rates and high levels of geopolitical tension, we view the recent spike as unsustainable in the longer term. We would be locking in part profits on gold producer Newmont following a recent mixed quarterly update. It delivered marginally better than predicted production, but also warned of higher than anticipated capital expenditure requirements that we expect will reduce free cash flow during fiscal year 2026.
