UPDATE: Bank of America Merrill Lynch Raises PO on Davita to $102

Bank of America Merrill Lynch is out with its report today on Davita DVA, raising its PO from $96 to $102. In its report, Bank of America Merrill Lynch writes, "We continue to like the long-term outlook for DVA given our belief in its strong organic growth and good FCF generation. We are raising our 2011/12/13 ests (which do not include DSI) to $4.79/$5.68/$6.27 from $4.62/$5.10/$5.64 and raising our PO to $102 from $96." Bank of America Merrill Lynch maintains Buy on DVA. At the time of posting, shares of DVA were trading pre-market at $81.00, up 3.28% from Wednesday's close.