UPDATE: Bank of America Merrill Lynch Reiterates Neutral Rating, Raises PT on Caterpillar

In a report published Wednesday, Bank of America Merrill Lynch reiterated its Neutral rating on Caterpillar (NYSE: CAT ), and raised its price target from $92.00 to $100.00. BofA Merrill Lynch noted, “As the global leader, CAT is a global powerhouse in mining, construction, and power systems equipment. CAT is