If you are looking to add some ASX 200 blue chip shares to your investment portfolio, then read on!
That's because listed below are three giants that brokers are tipping as buys this month. Here's what they are recommending to clients:
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BHP Group Ltd (ASX: BHP)
The first ASX 200 blue chip share that could be a top buy is BHP. It is a global mining giant with exposure to a range of commodities including iron ore and copper.
The latter is becoming increasingly important, with BHP growing its production materially in an effort to capture increasing demand from the decarbonisation megatrend.
And while commodity prices are cyclical, BHP's scale, efficiency, and balance sheet strength give it resilience that smaller peers simply can't match. This could make it a great pick if you are searching for blue chip exposure to the mining sector.
Morgan Stanley sees value in its shares at current levels and has an overweight rating and $48.00 price target on them.
Cochlear Ltd (ASX: COH)
Another ASX 200 blue chip share that brokers think could be a good addition to a balanced investment portfolio is Cochlear.
It is a hearing implant leader that could be a great buy and hold option. This is because demand for its devices is rising on the back of ageing populations across the globe and broader access to hearing healthcare.
And with a robust balance sheet and a track record of delivering both growth and dividends, Cochlear rightfully has a reputation as a reliable blue chip.
UBS is bullish on the company's outlook. It currently rates Cochlear as a buy with a $350.00 price target.
Woolworths Group Ltd (ASX: WOW)
Woolworths is the market leader in Australian supermarkets, and that scale gives it advantages few rivals can replicate. Its grocery division delivers steady cash flows, while ongoing investment in supply chain efficiency and digital channels strengthens its competitive edge.
And while its performance has been disappointing recently, it appears well-placed to stage a recovery in FY 2026. Especially after its recent first quarter update revealed improving trends.
In addition, as one of the most defensive businesses on the Australian share market, it offers that type of stability that most investors seek for an investment portfolio.
Bell Potter became positive on the company following its recently update. In response, it upgraded its shares to a buy rating with a $30.70 price target.
