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5 Competitive Stocks

These newly rated stocks all earn Morningstar economic moat ratings of narrow.

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About a week ago, Morningstar's equity research team initiated coverage of one of this year’s most-discussed IPOs, Beyond Meat (BYND). Though the company is a pioneer in the plant-based meat industry, we don’t think it has carved out a competitive advantage. As such, we're not convinced that BYND can earn excess returns on its invested capital over the next decade, reports analyst Rebecca Scheuneman. We’ve assigned it a no-moat rating.

But our analysts have initiated coverage of several other companies lately that they think can earn excess returns over the next decade--we've assigned these companies narrow Morningstar Economic Moat Ratings. Here's a peek at some of those stocks. Most are fairly valued today according to our metrics.

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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.