SAN FRANCISCO (MarketWatch) — These are the stocks making notable moves in Friday trade:

General Electric Co. GE, -2.41% surged after it announced a massive restructuring plan, including a roughly $30 billion sale of real-estate assets and a $50 billion stock-repurchase initiative. Moody’s also downgraded the corporate conglomerate‘s unsecured debt rating to A1 from Aa3 in the wake of its restructuring news.

Netflix Inc. NFLX, -0.05% was upgraded to buy from neutral at Citigroup and its stock price target hiked to $525 from $409.

Chipotle Mexican Grill Inc. CMG, -0.80% rebounded after three sessions of declines and is among the best S&P 500 gainers. The stock is down 0.7% this year but up 27% in the past 12 months.

Decliners

Citrix Systems Inc. CTXS, +0.03% lowered its first-quarter profit-and-sales outlook after the close on Thursday, citing a disruption to its business caused by restructuring initiatives and the negative impact of a strong U.S. dollar.

Fidelity National Information Services Inc. FIS, -1.45% is among the worst S&P 500 losers, falling for a second day in a row. The stock is up 4% so far this year.

Gap Inc. GPS, -0.65% late Thursday reported same-store sales dropped 7% in March. Analysts surveyed by Retail Metrics were expecting a decline of 3.5%, its 11th straight drop.

Tickers to Watch

Apple Inc. AAPL, -3.17% started taking orders exclusively online for its Apple Watch early Friday with models available on April 24 already reported to have sold out. But despite the strong interest in the latest wearable, Raymond James cut the stock’s rating to market perform from outperform citing concerns that the new product will not meet investors’ expectations.

Ruby Tuesday Inc. US:RT reported its fiscal third-quarter loss narrowed to $769,000, or a penny a share, from a loss of $7.4 million, or 12 cents a share, in the year-ago period. Analysts polled by FactSet had expected the company to report a loss of 4 cents a share.