If youâre wanting to strengthen your portfolio in 2023 with some ASX 200 blue chip shares, you may want to look at the two listed below.
Both have recently been named as buys by brokers. Hereâs why they could be blue chip shares to buy:
Goodman Group (ASX: GMG)
The first blue chip ASX 200 share to look at is Goodman Group.
It is a leading integrated commercial and industrial property company with operations across the world. Among its portfolio are warehouses, data centres, large scale logistics facilities, and business and office parks.
Over the last decade, demand for Goodman’s properties has been strong and has underpinned sky high occupancy rates and solid earnings growth.
Pleasingly, Goldman Sachs expects this strong growth to continue in FY 2023. In fact, the broker believes “GMG can deliver FY23 growth ahead of initial guidance” of 11%. This is due to “strong development WIP at strong margins” and further assets under management growth.
Goldman currently has a buy rating and $24.20 price target on the company’s shares.
Treasury Wine Estates Ltd (ASX: TWE)
Another blue chip ASX 200 share that is highly rated is Treasury Wine. It the global wine giant behind a range of popular brands including Penfolds.
Treasury Wine certainly has been through a lot in recent years (kicked out of China/COVID), but has overhauled its business very successfully. So much so, the team at Morgans believe âthe foundations are now in place for TWE to deliver strong earnings growthâ in the coming years.
As a result, it will come as no surprise that Morgans has named Treasury Wine as a âkey pickâ.
Its analysts currently have an add rating and $15.71 price target on its shares.
The post Brokers name 2 high quality blue chip ASX 200 shares to buy appeared first on The Motley Fool Australia.
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More reading
- 3 big ASX share winners in 2022 that could soar again next year
- Bell Potter names 3 stellar ASX 200 shares to own in 2023
- Looking to buy ASX shares for your kids this Christmas? I think these are great options
- Hereâs why analysts rate these blue chip ASX 200 shares as buys
- Experts say these strong blue chip ASX 200 shares are buys for 2023
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. 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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