5 Competitive Stocks
These newly rated stocks all earn Morningstar economic moat ratings of narrow.
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.
Susan Dziubinski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.