Buy and hold these ASX 200 shares until 2030

If you’re a fan of buy and holding investing, then you may want to consider the ASX 200 shares listed below.

Both have been named as buys by Morgans and tipped to deliver solid long-term growth. Here’s what you need to know about these ASX 200 shares:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first ASX 200 share for investors to consider for the long term is Domino’s.

It is of course Australia’s leading pizza chain operator. In addition, the company has a growing network of stores across Asia and Europe.

Things haven’t been going too well for the company recently due to tough trading conditions caused by inflationary pressures.

While this is disappointing, Morgans remains positive on the company and feels its share price weakness has created a buying opportunity for investors. It commented:

We didn’t expect the shares to fall as much as they did, however, and even with significantly lower earnings estimates for FY23 and FY24 and a significantly lower target price, there is enough upside to our target to keep us on an Add. But our faith is shaken.

Morgans has an add rating and $70.00 price target on the company’s shares.

Lovisa Holdings Ltd (ASX: LOV)

Another ASX 200 share that could be a top buy and hold option for investors is Lovisa.

This is due to the fashion jewellery retailer’s global expansion plans and the popularity of its products with young consumers.

In respect to the former, the broker believes Lovisa could become one of Australia’s biggest success stories if it delivers on its plans. It said:

We think it may prove to be one of the biggest success stories in Australian retail. With ambitious and well-incentivised new leadership in place, we think now is the time LOV steps up to become a global force. […] Investment will be needed to expand LOV’s network in the US and Europe and to take it into new markets, but the returns could be stellar. We think LOV’s products fill an underserved niche, offering fast fashion jewellery at prices that are attainable to a resilient target demographic.

Morgans has an add rating and $28.50 price target on its shares.