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Two New Wide Moat Firms, Two Downgrades

Morningstar's Pat Dorsey outlines recent changes to our wide moat stock list. See who made the cut and who dropped off.

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Pat Dorsey: Hi, I'm Pat Dorsey, director of equity research at Morningstar.

If you're familiar with Morningstar's research, you'll know the importance we place on competitive analysis, thinking about the structural competitive advantages or what we call economic moats that surround companies and keep them protected from the competition.

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