Credit Suisse says buy stocks with this characteristic popularized by Warren Buffett

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The firm sought out companies that can maintain a competitive advantage as macro risks rise.

Credit Suisse is recommending stocks with a characteristic favored by Warren Buffett for investors navigating growing risk in equity markets. The firm expects companies with "economic moats" could help investors shield their portfolios from increasing economic uncertainty. It's a term popularized by the legendary investor that refers to a company's ability to maintain competitive advantages against its peers, such as a better business model or scale.

Still, there are opportunities in businesses with protective moats, that have "a superior ability to innovate" with strong pricing power. Here are the names. Shares of Air Products & Chemicals can surge more than 20% from here as the company has "among the most resilient business models," as it's difficult to transport gases over long distances, according to Credit Suisse. The firm has a $295 price target on the company, and shares closed Wednesday at $241.46.

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