It wasn't long ago that investors were pummeling shares of Target (NYSE: TGT). The stock plunged nearly 30% during the week in May when it surprised investors with its first-quarter earnings report.

But the company has addressed its issues head-on, and investors have pushed the stock back up more than 20% over the last six weeks. That includes a pop today, with Target rising almost 5% at its high of the day. As of 3:15 p.m. ET, Target stock was holding on to a gain of 2.7%.

Analysts seem to have appreciated both the reaction from management to its current situation, as well as more macroeconomic trends that should also help it turn around the business. Last week, Wells Fargo analyst Edward Kelly upgraded the stock to the equivalent of a buy rating. He also lifted his firm's price target 26% to $195 per share.

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Source Fool.com