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3 Minnesota Stocks To Buy Ahead Of Super Bowl LII

By Zacks Investment ResearchStock MarketsJan 29, 2018 06:08AM ET
www.investing.com/analysis/3-minnesota-stocks-to-buy-ahead-of-super-bowl-lii-200284678
3 Minnesota Stocks To Buy Ahead Of Super Bowl LII
By Zacks Investment Research   |  Jan 29, 2018 06:08AM ET
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A week out from Super Bowl LII in Minneapolis, with much of the football world beginning to descend upon Minnesota, businesses around the Twin Cities hope to experience an economic boost.

Estimates regarding the economic impact of hosting a Super Bowl vary widely. But after Minneapolis was awarded the big game, which is set to be held in the new $1.13 billion U.S. Bank Stadium, Minnesota Gov. Mark Dayton proclaimed that the 10-day event would lead to a $500 million win for the state.

A more updated impact forecast from the Minnesota Super Bowl Host Committee notes that the game will generate more than $400 million and attract more than one million visitors. Still, even if these lofty monetary goals aren’t met, some major companies poured money into the committee’s efforts to bring the Super Bowl back to Minneapolis.

These companies include 3M (NYSE:MMM) , U.S. Bank (NYSE:USB) , Best Buy (NYSE:BBY) , and an array of other publicly traded firms that pledged to help stir up economic growth as part of Minnesota’s “Bold North” push.

With that said, let’s take a look at three great stocks from Minnesota-based companies that helped bring Super Bowl LII to Minneapolis.

1. Polaris Industries Inc. (NYSE:PII)

This Medina, Minnesota-headquartered maker of off-road recreational vehicles instantly conjures up pictures of rugged northern landscapes. Polaris is also one of Minnesota’s biggest companies and has facilities located throughout the state. To help keep all the Super Bowl festivities safe, Polaris provided the Super Bowl Law Enforcement Team with a fleet of Polaris Rangers. On top of that, Polaris is set to sponsor snowmobiler Levi LaVallee’s backflip attempt over Nicollet Mall the night before the big game.

Polaris is currently a Zacks Rank #2 (Buy) and sports “A” grades for both Growth and Momentum in our Style Scores system.

2. Target Corporation (NYSE:TGT)

Minneapolis-based Target is an active part of the Twin Cities community, with a substantial presence in the professional sports world. Target currently owns the naming rights to the Minnesota Twins’ ballpark, and the NBA’s Minnesota Timberwolves play their home games at the Target Center. And aside from selling TVs, party favors, and Super Bowl LII gear, Target hopes the culmination of the NFL season shines a positive long-term light on the city it calls home.

Target is currently a Zacks Rank #1 (Strong Buy) and boasts an overall “B” VGM score.

3. H.B. Fuller Company (NYSE:FUL)

This adhesive technology giant’s world headquarters are located in St. Paul. H.B. Fuller is also an official member of the Minnesota Super Bowl Host Committee. The company recently published a post titled “Uncovering Adhesives at a Football Game,” touting all the ways its adhesives help move America’s favorite sport along. H.B.’s adhesives, sealants, and other specialty chemical products are currently used in and on uniforms, helmet decals, concessions, jumbotrons, stadiums, locker rooms, and more, throughout many different levels of football.

FUL is currently a Zacks Rank #2 (Buy) and rocks an “A” grade for Value to help it earn an overall “B” VGM grade.

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U.S. Bancorp (USB): Free Stock Analysis Report

H. B. Fuller Company (FUL): Free Stock Analysis Report

3M Company (MMM): Free Stock Analysis Report

Polaris Industries Inc. (PII): Free Stock Analysis Report

Best Buy Co., Inc. (BBY): Free Stock Analysis Report

Target Corporation (TGT): Free Stock Analysis Report

Original post

Zacks Investment Research
3 Minnesota Stocks To Buy Ahead Of Super Bowl LII
 
3 Minnesota Stocks To Buy Ahead Of Super Bowl LII

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