UPDATE: JP Morgan Resumes BEAM with Neutral, $60 PT

JP Morgan resumes its coverage on BEAM BEAM with a Neutral rating and a price target of $60. Previously, the price target was $54. JP Morgan comments, "Our views on the stock are unchanged from prior to the Pinnacle acquisition, on which J.P. Morgan was an advisor to White Rock. We believe Beam should continue to achieve topline growth at the high end of its peer group in 2012 through strong whiskey trends in the US, solid intl expansion and a strong innovation pipeline." BEAM closed at $62.44 on Thursday.