BUZZ-AMEC: Shares up 4 pct, UBS upgrades to "buy"

** The British engineering and project management firm's shares up as much as 4 pct after UBS (NYSEArca: FBGX - news) upgrades the stock to 'buy' from 'neutral'

** The brokerage raised PT to 1215 pence from 1100 pence, citing the addition of the Foster Wheeler (NasdaqGS: FWLT - news) acquisition to Amec (Other OTC: AMCBF - news) 's earnings.

** The stock was the second biggest percentage gainer on the FTSE-250 midcap index

** UBS analysts said the acquisition of Foster Wheeler AG will help Amec gain an entry into regions like the Middle East, Latin America and the U.S. petrochemical industry.

** Amec agreed to buy U.S.-based Foster Wheeler AG for $3 billion earlier this year.

** Seven out of 15 analysts covering the stock have a buy rating, 3 have a strong buy, 3 recommend holding the shares. One analyst apiece have a sell and a strong sell rating, according to Thomson Reuters data. (RM (LSE: RM.L - news) :abhiram.nandakumar.thomsonreuters.com@reuters.net)