Experts name 2 ASX 200 shares to buy before the market takes off

Are you wanting to add some new ASX 200 shares to your portfolio before the market rebound really takes off?

If you are, then it could be worth considering the two shares listed below that have recently been tipped as buys. Here’s what experts are saying about them:

Breville Group Ltd (ASX: BRG)

The first ASX 200 share to look at is leading kitchen appliance manufacturer Breville.

It has been growing at a solid rate for many years thanks to a successful combination of acquisitions, international expansion, and its consistent investment in research and development. The latter has ensured that Breville’s products are at the forefront of kitchen technology.

The good news is that analysts at Goldman Sachs believe this solid form can continue. In fact, the broker is forecasting an EBITDA compound annual growth rate of 7% between FY 2023 and FY 2025. It recently commented:

We see BRG as having a three-pronged growth strategy: 1) building on secular growth of the portioned and roast & ground (R&G) coffee market and achieving market share gains; 2) new market entry; and 3) options – ecosystem revenue streams.

Goldman has a buy rating and $24.70 price target on its shares.

Treasury Wine Estates Ltd (ASX: TWE)

Another ASX 200 share that has been tipped as a buy is wine giant Treasury Wine.

After a difficult few years, Treasury Wine returned to form in FY 2022 with some stellar profit growth. This was driven by the successful reallocation of its China-destined products and its premiumisation strategy.

Analysts at Morgans are expecting this strong form to continue in the coming years. It recently commented:

TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The foundations are now in place for TWE to deliver strong earnings growth from the 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.

Morgans has an add rating and $13.93 price target on the company’s shares.

The post Experts name 2 ASX 200 shares to buy before the market takes off appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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