Bloomberg reported that in Manhattan, U.S. District Judge Kevin Castel ruled that Bank of America Corp. (NYSE:BAC) investors can proceed as a class action in their lawsuit claiming the company misled shareholders about the acquisition of Merrill Lynch & Co.Bank of America (NYSE:BAC) has potential upside of 10.7% based on a current price of $7.97 and an average consensus analyst price target of $8.83.