LONDON, March 22 (Reuters) - ** Just Group 2nd gainer in FTSE 250, after Panmure Gordon analyst Barrie Cornes sees firm as possible bid target
** Overseas insurer such as Canada Life could find the company attractive, Cornes says in a note
** Just shares slid after firm announced discounted share placement last week, hit record lows on Thursday
** The specialist life insurer is facing tougher capital rules
** Shares up 3.3 pct at 70.95 pence at 1330 GMT
** The company declined to comment on the note
Reporting by Carolyn Cohn
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