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4 Moat Upgrades and Downgrades

We raised our economic moat rating on two stocks and lowered it on two others in July.

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"Change is inevitable. Change is constant.”

So said British statesman and novelist Benjamin Disraeli. He had a point. Kids grow up. Summer eventually gives way to fall. And if left long enough in your refrigerator, last night’s dinner will change, too.

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