UPDATE: Bank of America Merrill Lynch Raises PO on DST Systems to $64

Bank of America Merrill Lynch is out with its report today on DST Systems DST, raising its PO from $54 to $64. In a note to clients, Bank of America Merrill Lynch writes, "We believe DST mgt and Bd are ultimately on the same page as shareholders in terms of their desire to maximize shareholder value. However, we believe that DST's time horizon is longer than the vast majority of 'long term' investors. We maintain a Buy on the shares of DST and are raising our 12 month PO to $64 from $54." Bank of America Merrill Lynch maintains Buy on DST. Shares of DST closed Tuesday at $54.49, up 0.57% from Monday's close.