UPDATE: JP Morgan Lifts PT to $27 on RPM International

JP Morgan raises its price target from $23 to $27 on Neutral-rated RPM International RPM in increased industrial sales. JP Morgan says, "A mild winter led to early spring sales in RPM's Consumer business and a pick-up in construction and maintenance-related spending boosted Industrial segment sales. In total, RPM's F3Q:12 (ended February) consolidated sales improved 14% supported by 8.5% higher volumes, 2.4% higher prices, a 4.7% acquisition benefit, and (1.4%) lower currencies. RPM's F4Q:12 earnings guidance translates into consolidated volume growth of 5-6%, by our calculations." RPM closed at $26.10 on Friday.