UPDATE: Bank of America Merrill Lynch Raises PO on Green Mountain Coffee Roasters to $105

Bank of America Merrill Lynch is out with its report today on Green Mountain Coffee Roasters GMCR, raising its PO from $90 to $105. In a note to clients, Bank of America Merrill Lynch writes, "We expect GMCR to carry strong sales momentum into FY12 as consumer interest is accelerating, augmented by the addition of the Starbucks and Dunkin Donuts brands to the Keurig single cup platform. Our $105 PO is based on 40.4x our FY13 EPS of $2.60. This is reasonable given the ~50% EPS growth we are forecasting." At the time of posting, shares of GMCR were trading pre-market at $93.90, down 0.74% from Monday's close.