Analyst initiations: Suntech Power, Premier Exhibitions, homebuilder sector
Posted Feb 27th 2008 11:57AM by Eric Buscemi
Filed under: Analyst reports, D.R.Horton (DHI), KB HOME (KBH), Toll Brothers (TOL), Analyst initiations, Suntech Power Hldgs ADS (STP)
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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:
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
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