Morgans names two ASX 200 shares to buy and one to sell this week

Are you looking for ASX 200 shares to buy this week?

Well, the team at Morgans has narrowed things down by naming two shares to buy and one to sell, courtesy of The Bull.

Here’s what it is recommending:

Aristocrat Leisure Ltd (ASX: ALL)

Morgans thinks that this gaming technology company could be an ASX 200 share to buy now.

With Aristocrat’s shares trading on lower than normal multiples, the broker believes an attractive buying opportunity has opened up. It said:

Aristocrat Leisure designs, develops and distributes gaming content, platforms and systems. It offers high quality recurring earnings from generating real money online gaming opportunities. An under geared balance sheet provides options for acquisitions, and ALL is a capital light business with strong cash conversion. The company is trading well below historical levels. The stock is attractively valued given its track record of proven earnings growth.

Capstone Copper Corp (ASX: CSC)

Another ASX share that Morgans has named as a buy this week is copper miner Capstone Copper.

Once again, it believes the company’s shares are trading at an attractive level for investors. It explains:

This copper miner and developer has five long-life assets strategically located in the Americas. CSC is one of a limited number of pure play copper names listed on the ASX. Copper production growth differentiates CSC from its peers. Growth is driven by a combination of near term and longer dated brownfield and greenfield projects, alongside a declining cost profile. CSC was recently trading on a modest price-earnings ratio in 2026 and offers good value at these price levels.

Guzman Y Gomez Ltd (ASX: GYG)

Morgans has named this ASX 200 share as a sell this week according to The Bull. It highlights that the Mexican fast food company’s US business is underperforming and will need to improve to deliver value for shareholders. It said:

Guzman Y Gomez owns, operates and franchises Mexican inspired quick service restaurants in Australia, Singapore, Japan and the United States. The company’s premium valuation is predicated on expectations it will deliver material earnings per share growth over many years. In our view, the company is exposed to execution risk as it aggressively continues to open new restaurants in Australia. Australian earnings were up strongly in the first half of 2026.

However, segment underlying EBITDA in the United States posted a loss of $8.3 million. Management will need to narrow its losses in the US and increase the pace of US expansion to ultimately deliver value for shareholders. GYG shares have fallen from $31 on March 31, 2025 to trade at $15.735 on April 2, 2026.

The post Morgans names two ASX 200 shares to buy and one to sell this week appeared first on The Motley Fool Australia.

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• Brokers rate these 3 top ASX shares as buys in April

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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.