Robert Cornell Barclays Capital
Robert Cornell of Barclays Capital rises from runner-up to reclaim the third-team spot he last held in 2008. “Bob sets the benchmark for Wall Street,” asserts one loyalist. Cornell upgraded 3M Co. from underweight to equal weight in April 2009, at $54.68, in anticipation of improving sales growth. He was right, and a year later, after the St. Paul, Minnesota–based Scotch Tape maker’s stock had bolted 58.9 percent, to $86.87, and shot past the sector by 19.1 percentage points, he upgraded it further, to overweight. That call didn’t work out so well; by late August the stock had fallen 9.6 percent — in line with the sector’s 9.8 percent decline — to $78.55.
