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New Wide Moats in Banks and Software

We recently upgraded a few banks and enterprise software firms to wide moat status, and raised our fair value estimates on health-care REITs.

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Jeremy Glaser: For Morningstar, I'm Jeremy Glaser.

I'm joined today by Matt Coffina, editor of our StockInvestor newsletter. We are going to look at some recent ratings changes and moat upgrades from our equity research team.

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Matthew Coffina has a position in the following securities mentioned above: WFC, CERN. Find out about Morningstar’s editorial policies.