Advance Auto Parts (NYSE:AAP): UBS upgraded Advance Auto Parts based on expectations for improved operating performance due to its streamlined focus. Price target raised to $90 from $74. The shares closed at $76.57, up $1.22 or 1.62% on the day. They have traded in a 52-week range of $49.50 to $76.49.

Healthspring (NYSE:HS): S&P 500 constituent Cigna Corp. (NYSE:CI) is acquiring HealthSpring (NYSE:HS) in a deal expected to be completed on January 30, pending final approvals. The shares closed at $55.00, up $0.03 or 0.05% on the day.

Inhibitex (NASDAQ:INHX): William Blair downgraded Inhibitex citing the acquisition by Bristol-Myers Squibb. The shares closed at $25.27, up $0.2 or 0.8% on the day. They have traded in a 52-week range of $2.15 to $25.15.

Jazz Pharmaceuticals (NASDAQ:JAZZ): On Friday, Longitude Capital Partners reports 6.8% stake in Jazz Pharmaceuticals. The shares closed at $46.76, down $1.22 or 2.54% on the day. They have traded in a 52-week range of $20.74 to $49.14.

J.C. Penney Company (NYSE:JCP): On Friday, Citigroup raised its estimates and price target for J.C. Penney citing the company’s upbeat financial guidance and transformation strategy. The firm reiterates a Buy rating on the stock. The shares closed at $41.81, up $0.39 or 0.94% on the day. They have traded in a 52-week range of $23.44 to $41.86.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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