Price Targets on (PEGA) (HTHT) (PETD) (M) (PNM) Updated

Price targets on shares of Pegasystems Inc. (NASDAQ: PEGA), China Lodging Group (NASDAQ: HTHT), Petroleum Development Co. (NASDAQ: PETD), Macy’s (NYSE: M) and PNM Resources, Inc. (NYSE: PNM) updated by analysts.

Dougherty & Co. raised their price target on Pegasystems Inc. (PEGA) from $34.00 to $42.00. They have a “neutral” rating on the company.

BMC Equities Research analysts raised their price target on shares of China Lodging Group (HTHT) from $22.00 to $26.00. They have a “buy” rating on the company.

Bank of America (NYSE:BAC) cut their price target on Petroleum Development Co. (PETD) from $48.00 to $41.00. They have a “buy” rating on the company.

Citigroup (NYSE:C) raised their price target on Macy’s (M) from $32.00 to $44.00. They have a “buy” rating on the company.

Ladenburg Thalmann raised their price target on PNM Resources, Inc. (PNM) from $15.00 to $16.50. They have a “neutral” rating on the company.