Rite Aid, Infosys, Ashland are big movers

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Rite Aid Corp., up 19 cents at $2.31

A Raymond James analyst upgraded the drugstore chain's stock rating, a day after it posted its first annual profit in six years.

Pinnacle Entertainment Inc., up $1.17 at $17.55

A Deutsche Bank analyst lifted the casino operator's rating and price target, saying a proposed acquisition may push the stock higher.

Infosys Ltd., down $11.24 at $43.10

The Indian outsourcing company forecast revenue growth for the year that was below analyst expectations.

Harris Corp., down $2.50 at $44.06

The defense contractor plans to lay off workers and reduce expenses to help offset the damage caused by government spending cuts.

Ashland Inc., up $7.83 at $86.66

Hedge fund Jana disclosed that it has taken a 7.4-percent stake in the chemicals company, making it the second-largest shareholder.

Nasdaq

JB Hunt Transport Services Inc., down $2.21 at $72.01

The trucking operator said that its first-quarter profit rose 8 percent but that was still short of analysts' estimates.

Abaxis Inc., down $2.47 at $45.80

A Stifel Nicolaus downgraded the blood analysis systems developer's stock. It has been hitting all-time highs in recent weeks.

Euronet Worldwide Inc., down $1.33 at $26.71

Sterne Agee analysts downgraded their rating on the payment services company's stock after a recent rally in the share price.