BUZZ-Electrocomponents: Jumps after analysts upgrade to "buy"

** Electrocomponents (LSE: ECM.L - news) up 5.5 pct, second top performer on FTSE mid cap index, after at least 2 brokerages upgrade stock to "buy"

** Jefferies raises Britain's largest industrial distribution firm to "buy" from "hold," says co has substantial self-help tailwinds delivered by an impressive management team with a credible track record

** Co could deploy 500 mln stg surplus capital over the next two years, adds Jefferies; trims PT to 700p from 740p

** In a separate note, UBS (LSE: 0QNR.L - news) also raises rating to "buy" from "neutral," cutting PT to 650p from 770p

** Co's accelerated market share gains can sustain positive organic growth and its cost savings should continue margin expansion - UBS

** Says slower growth may limit co's operating leverage in near-term, but still sees margin expansion due to cost savings, mix shift and synergies

** Best day for ECM in more than 7-months (Reporting by Jasmine I S in Bengaluru)