Target, 3M, UnitedHealth Rank Among ‘Most Admired Companies’
Three Minnesota companies made the top ranks of Fortune’s annual “World’s Most Admired Companies” rankings.
Minneapolis-based retailer Target Corp. was ranked 17th on this year’s list – its best showing since 2008. Maplewood-based 3M Co. landed at the 24th spot on the list. Minnetonka-based UnitedHealth Group Inc. earned the 51st spot.
Fortune noted, “companies that became even more essential during the pandemic were among the biggest movers.”
According to Forbes the results are “based on our poll of some 3,800 corporate executives, directors, and analysts.”
Although Fortune lists more than 300 companies, only the top 51 are ranked. After that, companies are simply listed alphabetically.
Minnesota companies that landed on the list without being ranked were Best Buy Co. Inc., C.H. Robinson Worldwide Inc., Ecolab Inc., Fastenal Co., General Mills Inc., Polaris Inc., U.S. Bancorp and Xcel Energy Inc.
Ten of the 11 Minnesota companies on the list are Fortune 500 companies. The only exception is Winona-based Fastenal, which ranked 525th on Fortune’s latest compilation of the 1,000 largest U.S. public companies ranked by revenue.
In the big picture, big tech players topped the list. The top three spots went to Apple, Amazon and Microsoft. Google’s parent company Alphabet ranked 7th and Netflix landed in 9th place. One notable absence is Facebook, which is not among the 332 companies on the list.
Also missing in action: San Francisco-based Wells Fargo & Co., which has been plagued by a series of scandals in recent years. Wells Fargo has significant operations in the Twin Cities.
Other companies based outside of Minnesota but with large operations here also made the list.
Atlanta-based Delta Air Lines Inc., still the dominant carrier at Minneapolis-St. Paul International Airport, ranked 23rd on the list. Illinois-based Abbott Laboratories ranked 42nd on the tally. Abbott acquired Minnesota-based St. Jude Medical in 2017. The new list marked the first time that Abbott has landed in the top 50 on the list.