Ord Minnett names 2 ASX 200 shares to buy

Let's see why the broker is bullish on these names.

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If you have space for some new additions to your investment portfolio, then it could be worth checking out the ASX 200 shares in this article.

That's because analysts at Ord Minnett are tipping them as buys this month. Here's what the broker is saying about them:

ARB Corporation Ltd (ASX: ARB)

This 4×4 parts company could be an ASX 200 share to buy according to Ord Minnett.

While the broker acknowledges that auto sales are down meaningfully this year, it reminds investors that this is partly due to record sales a year ago. It said:

Australian new vehicles sales declined by 9.6% in February to 94,993, with all states and territories experiencing a decline in sales. ARB's key vehicle sales declined 10.3% in February with the LCV market continuing to struggle. Vehicle sales have declined for the past seven months, cycling record sales from 2024. All states and territories reported a decline in sales with key states of NSW and QLD reporting a decline of 6.7% and 10.1% respectively.

Nevertheless, the broker believes that the company's strong order book, global expansion, and strategic partnerships will help offset this sales decline. As a result, the broker thinks that the significant share price weakness has created a buying opportunity. It adds:

The decline in vehicle sales over recent months, and further declines to come, should be partly offset by ARB's strong orderbook, new and refurbished stores, further offshore expansion and strategic partnerships with key OEM customers. We maintain a BUY rating.

Ord Minnett has a buy rating and $45.00 price target on its shares. This implies potential upside of 32% for investors.

Goodman Group (ASX: GMG)

Another ASX 200 share that Ord Minnett is tipping as a buy is integrated industrial property company Goodman.

The broker is feeling positive on the company's outlook thanks partly to its global data centre rollout. It said:

Goodman Group holds a 70% economic interest in eight data centre (DC) sites, expected to be operational by June 2026. The sites are in key markets such as Los Angeles, Tokyo, Sydney, Melbourne, Amsterdam, Paris, Frankfurt, and Hong Kong. The total projected value of these projects is $11 billion. ‍[…] GMG's strong growth outlook and lack of net debt support an Accumulate rating.

The broker has an accumulate rating and $33.50 price target on its shares. This suggests that upside of 7.5% is possible for investors from current levels.

Motley Fool contributor James Mickleboro has positions in Goodman Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended ARB Corporation and Goodman Group. The Motley Fool Australia has recommended ARB Corporation and Goodman 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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