Skip to main content

2 Minnesota companies ranked in Fortune's 50 most admired

There's plenty to admire about 3M, which is back in the top 50 of Fortune's "most admired" list.
  • Author:
  • Updated:

Two companies based in Minnesota can say they're among the most admired firms in the country, after making it onto Fortune magazine's annual rankings.

3M and Target make Fortune's "All-Star" list of the top 50 most admired companies in the U.S., with Maplewood-based 3M ranked 23rd and Minneapolis' Target in 44th (two spots behind Walmart – boo).

3M made it back into the top 50 after previously dropping out, and one of the companies making way was Wells Fargo, which dropped off the list after a terrible year in which it was revealed it had been opening new accounts on behalf of customers without their knowledge.

Also dropping out of the top 50 is Samsung, whose exploding Galaxy 7 notepads has seen its reputation take a serious hit among industry bigwigs.

Why 3M and Target ranked highly

Candidates for the list are initially identified by their revenue to identify the most successful companies in each industry, and then ranked based on feedback from the country's executives, directors and analysts.

Other Minnesota-linked companies mentioned in the rankings include Minneapolis-based U.S. Bank, which came first in the "Most admired super-regional bank" category but didn't crack the top 50, while Delta Air Lines ranked 31st overall.

3M scored highly among industry experts for its innovation within the medical products equipment field, ranking number one in the industry in a year it opened a $150 million research and development center on its Maplewood campus. It also ranked first for "financial soundness."

Target meanwhile got its highest score in the "social responsibility" category, ranking first among general merchandise companies, and also scored highly for quality of products, innovation and people management.

For the 10th year in a row, the most admired companies list was topped by tech giant Apple, which finished ahead of Amazon, Starbucks, Berkshire Hathaway and Disney.

Next Up

St. Louis County

St. Louis County set to declare state of emergency ahead of peak flood levels

Volunteers are urgently needed for sandbagging efforts in a small community near Voyageurs National Park.

Screen Shot 2022-05-16 at 5.03.30 PM

Brothers Bar & Grill closes in downtown Minneapolis

The Midwest chain closed its St. Cloud location in 2018.

Ken Jeong

Licensed physician Ken Jeong to do standup in MN this September

The licensed physician will take the stage at Treasure Island Resort and Casino on Sept. 30.

Osseo Police Department

Osseo PD says officer did not pursue suspect who caused fatal crash

The crash happened in Brooklyn Park early Sunday morning.

221 Main Street. E. Albert Lea

Suspect arrested after 3 family members stabbed in Albert Lea

The three victims are related, according to police.


Evidence that omicron strains BA.4 and BA.5 are in Minnesota

The European CDC has warned of a possible significant summer surge fueled by the omicron subvariants.

driving unsplash - crop

Hastings man charged for driving drunk with 2-year-old in vehicle

Matthew Quade's BAC was almost five times over the legal limit when police pulled him over last week.

police lights

Arrest made after person shot at Hopkins apartment building

Police say this was an isolated incident and that the victim and suspect knew each other.


BA.2.12.1 omicron subvariant quickly becoming dominant in MN

Experts say the subvariant is more transmissible but there is not evidence to suggest it causes more severe disease.


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

Seven more companies received honorable mentions as industry leaders.

Four Minnesota companies among "Most Admired"

Fortune Magazine's top 50 list includes 3M, Target, St. Jude Medical and General Mills. Maplewood-based 3M was the highest ranking Minnesota company in the 18th spot for most-admired companies. Best Buy did not make the list this year after being named the 36th most-admired company last year.

Target, 3M among Minnesota companies on Fortune's 'most admired' list

Target was the top Minnesota company, ranking at 22nd.

Minnesota gains 2 more Fortune 500 companies

The St. Paul and Medina companies have made the Top 500 for the first time.

12 Minnesota companies make the Forbes 500 list

That's five fewer than appear on the Fortune 500 list.

Fortune Global 500 list includes six Minnesota companies

UnitedHealth Group, Target, Best Buy, Supervalu, 3M and Inver Grove Heights-based CHS are among Fortune’s list of the biggest companies in the world. Twin Cities Business reports all the Minnesota companies were on the list last year, but dropped in this year’s annual ranking, expect for CHS, who jumped 97 spots.