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BUZZ-Aveva: Goldman Sachs upgrades

Reuters - UK Focus

** British engineering software company up 1.7%

** Goldman Sachs (NYSE: GS-PB - news) raises to "neutral" from "sell" on merger with Schneider bringing the strategic appeal of PLM software to the forefront

** Aveva agreed 3 bln pound merger with Schneider earlier this month

** Goldman Sachs sees increased scale in North America for co after Schneider deal

** Says Schneider deal will be accretive even though demand is lacklustre in primary oil and gas market

** GS raises PT to 2400p from 1770p, removes stock from pan-Europe sell list (RM (LSE: RM.L - news) :devbrat.saha.thomsonreuters.com@reuters.net)