Analyst initiations: Suntech Power, Premier Exhibitions, homebuilder sector

MOST NOTEWORTHY: Suntech Power, Premier Exhibitions and the Homebuilders Sector were today's noteworthy initiations:

Citigroup named Suntech Power Holding (NYSE: STP) their top pick for China solar due to its leading scale and technology roadmap for higher cell efficiency, initiating shares with a Buy rating and $55 target.
Merriman believes Premier Exhibitions (NASDAQ: PRXI) can move to the $14.50-$17.00 through the continued monetization of the company's current tours, the launching of additional tours and the value of the Titanic artifacts on hand. The firm started shares with a Buy rating.
Lehman initiated D.R. Horton (NYSE: DHI), Ryland Group (NYSE: RYL), Toll Brothers (NYSE: TOL) with Overweight ratings and an $18 target, $31 target and $27 target; KB Home (NYSE: KBH) with an Equal Weight rating and $24 target; and Hovnanian Enterprises (NYSE: HOV) with an Underweight rating and $8 target.

OTHER INITIATIONS:

Citigroup initiated Yingli Green Energy (NYSE: YGE) with a Hold rating and $24 target.
UBS initiated Citrix Systems (NASDAQ: CTXS) with a Neutral rating and $38 target.
JP Morgan initiated Biodel (NASDAQ: BIOD) with an Overweight rating.

Tags: analyst, biod, biodel, citrix, ctxs, dhi, dr horton, DrHorton, hov, hovnanian, initiation, kb home, kbh, KbHome, premier, prxi, ryl, ryland, stp, suntech, tol, toll brothers, TollBrothers, yge, yingli