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Moats Widen for Railroads, Luxury Goods, and More

Improved efficiencies, brand pricing power, and sufficient capital levels are some of the reasons behind these equity groups' higher moat ratings.

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Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. We recently upgraded our moat ratings on several groups of companies, and I'm here with Elizabeth Collins, the chair of our economic moat committee, to look at some of these groups and why they were upgraded.

Elizabeth, thanks for joining me today.

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