Caterpillar gets PT hike from top-rated BofA analyst on data center bet

** Caterpillar CAT.N down ~0.4%, retreating for 2nd day after hitting record high of $467.40 on Thurs

** BofA Global Research keeps "buy"; hikes PT from $495 to $517, 2nd highest on Wall Street and ~11% higher to last close

** CAT is entering next growth cycle from a stronger profit base than in past downturns, says analyst Michael Feniger

** Adds CAT's solar turbines business becoming key given higher use to power data centers; adds infrastructure spending and aging equipment also driving recovery

** Feniger top rated among 28 analysts covering industrial sector, based on their recommendation accuracy, per LSEG data

** Wall St's avg rating is also "buy" on CAT and median PT is $445.27 -LSEG data

** CAT now up ~27% YTD, 4th best Dow .DJI performer, and better than near 16% rise in S&P 500 industrials index .SPLRCI