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3 Minnesota companies make Fortune's Top 50 'Most Admired' list

Seven more companies received honorable mentions as industry leaders.

Three Minnesota companies have made the "All-Star" list of companies that are most-admired in the world, as compiled by Fortune magazine.

The magazine released its 2019 "World's Most Admired Companies" list on Tuesday, with the list topped by Apple despite its recent struggles with a drop in iPhone sales.

The rankings were put together based on the votes of 3,750 executives, analysts, directors, and experts, which admittedly makes it a bit of a stretch that these people of business can speak for "the world" as a whole.

Nonetheless, three Minnesota companies made it into the Top 50 of the world's most admired companies.

The highest-ranked among them is Maplewood-based 3M, the chemical and science company known for, among other inventions, Scotch Tape and Post-it Notes.

It ranked 27th in the table, though this is down six places from where it ranked last year.

Moving up six spots however is Minneapolis' Target Corp., which is the world's 32nd most-admired company having ranked 38th last year. The retailer just enjoyed a successful holiday season in which it saw a 5.7 percent rise in comparable sales.

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Rounding out Minnesota's involvement is UnitedHealth. The health insurance company didn't make the Top 50 last year but ranked 46th in this year's list.

Other Minnesota companies that were also mentioned for being industry leaders but didn't crack the Top 50 include Best Buy, C.H. Robinson Worldwide, Ecolab, Fastenal, General Mills, U.S. Bancorp., and Xcel Energy.

You can see the full list here.

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