Apple Boosted, Netflix Overvalued, Kraft Foods Cut After Heinz Rally

Netflix is on watch, Kraft Foods gets cut, and the unstoppable Apple gets another boost, all in Thursday's Analysts' Actions. Argus initiated coverage of Netflix with a HOLD rating. The firm said the company is facing increased competition and that at current levels the stock looked unappealing. Kraft Foods was cut from Goldman Sachs' Conviction Buy list. Analysts said that after rallying on news it will merge with Heinz, shares don't look quite as much like a steal. Credit Suisse boosted Apple's price targets to $145. The firm said there is evidence of strong near-term demand for the iPhone.