If youâre looking for growth shares for your portfolio, it could be worth checking out what Macquarie Group Ltd (ASX: MQG) is telling its clients.
The investment bankâs Macquarie Wealth Management (MWM) business operates recommended portfolios for growth and income investors which it updates monthly.
Macquarie notes that the MWM Recommended Portfolios represent a starting point to form a portfolio with growth or income characteristics.
Among its top growth picks right now are the ASX 200 shares listed below:
CSL Limited (ASX: CSL)
This biotherapeutics giant takes the top spot with a portfolio weighting of 8.3%. Macquarie has an outperform rating and $343.00 price target on its shares, which compares favourably to the latest CSL share price of $306.20.
Mineral Resources Ltd (ASX: MIN)
The next largest position in the portfolio is this ASX 200 mining and mining services company with a portfolio weighting of 7.7%. The broker currently has an outperform rating and $126.00 price target on the company’s shares. This suggests decent upside for the Mineral Resources share price, which is currently fetching $91.19.
Computershare Limited (ASX: CPU)
Another ASX 200 share in the portfolio is administration services company, Computershare. It is the third largest holding in Macquarieâs growth portfolio with a 7.5% weighting. The broker has an outperform rating and lofty $31.00 price target on its shares. This compares favourably to the latest Computershare share price of $24.39.
Pilbara Minerals Ltd (ASX: PLS)
Finally, Macquarie is a big fan of this ASX 200 lithium share and has included in its growth portfolio again with a weighting of 6.7%. The broker currently has an outperform rating and $7.50 price target on its shares. This suggests major upside potential for the Pilbara Minerals share price from the current level of $4.94.
The post These ASX 200 shares are top picks in Macquarie’s growth portfolio appeared first on The Motley Fool Australia.
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More reading
- Here are the top 10 ASX 200 shares today
- Top brokers name 3 ASX shares to buy today
- Here are the 3 most heavily traded ASX 200 shares on Wednesday
- With interest rates heading higher again, the risk is to the downside for these popular blue chip ASX shares
- Macquarie share price continues to climb as acquisition speculations heat up
Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has positions in and has recommended Macquarie Group. 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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