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BUZZ-Aveva: broker upgrade puts stock around 8-mth highs

Reuters - UK Focus

** Software (Xetra: 330400 - news) co Aveva, boosted recently by speculation it may be an M&A target, around 8-mth highs as JPMorgan (LSE: JPIU.L - news) upgrades to "neutral" vs "underweight"

** Oil price stability in $65 range, other end mkts likely bottoming, co's ability to manage cost base in tough end market demand environment & M&A talk all cited as catalysts (JPM sees strategic logic of possible deal)

** Separately Credit Suisse lifts TP for Aveva to 2,200p (vs 1,800p) to reflect share price strength across the sector

** Stock, up 4.8 pct, 2nd-top riser on FTSE 250 ; stock fell Tuesday when posted in-line FY (saw strong M&A-inspired gains Monday)

** Co's software used to design power plants, shipping & oil & gas facilities (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)