Morningstar’s 2026 Economic Moat Review: How to Evaluate an Economic Moat
Which companies have recently had their moat ratings upgraded or downgraded?
Our global equity analysts reviewed 600+ economic moat ratings for individual stocks, resulting in 18 moat upgrades and 59 moat downgrades in the first half of 2026. Of the economic moat changes, the financial services stock sector experienced the most upgrades, while the technology sector led the moat downgrades.
Morningstar’s latest economic moat review analyzes 77 moat changes in the Morningstar stock universe, undervalued versus overvalued moat stocks, individual stock highlights, and more.
Download the report to find out how these ratings can help shape your long-term investing strategy.
