BUZZ-Amec Foster: Morgan Stanley upgrade boosts stock
** Oilfield services provider Amec Foster Wheeler (Other OTC: AMCBF - news) up 6.1 pct as Morgan Stanley (Xetra: 885836 - news) raises rating to "overweight" from "equalweight", PT to 700p from 500p
** Shares (Berlin: DI6.BE - news) among top FTSE midcap gainers, see their best day since since Nov
** Brokerage says new cost savings plan, likely to be announced at the strategy update on Nov 15, to offset 500 mln stg asset disposal
** Analysts see 100 mln stg of savings from H1 2017, full impact of cost saving plan in 2019
** 2018 P/E ratio estimate falls to 9.2 times, room for re-rating and earnings upgrades, analysts add
** Close to half of 30-day avg vols traded by 0905 GMT
** Up to Thursday's close, stock had risen 25.1 pct YTD compared with a 7.5 pct rise in the STOXX Oil and Gas index ; co biggest gainer on index on the day (RM (LSE: RM.L - news) :Sanjeeban.Sarkarthomsonreuters.com@reuters.net)