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Two New Wide-Moat Firms; Eight Moat Downgrades

Morningstar StockInvestor editor Paul Larson details moat changes among several banks, plus two new wide-moat names.

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Jason Stipp: I'm Jason Stipp for Morningstar. As regular readers know, Morningstar analysts spend a lot of time thinking about a company's economic moat, or its competitive advantage. And we recently had some changes in moat ratings. Some moved up to wide moat; some wide moats moved down to narrow.

Here with me to offer the details is Morningstar's Paul Larson. He is an equity strategist and the editor of Morningstar StockInvestor.

Jason Stipp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.