Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".
NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Thursday.
Lululemon Athletica (LULU - Get Report) got a positive rating Wednesday when J.P. Morgan initiated coverage on the stock, but Sterne Agee downgraded the stock to sell from hold Thursday. Cramer didn't like the analyst back-and-forth, saying, "this is too much of a battleground for me."
Oppenheimer upgraded SunTrust Banks (STI - Get Report), and Cramer said "regional banks do better as rates go higher," and that "SunTrust is fine."
Morgan Stanley called Sony (SNE - Get Report) a buy, but Cramer wasn't so sure, saying, "I'm a little worried about that."
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Both Johnson & Johnson (JNJ - Get Report) and Pharmacyclics (PCYC) should be higher on the the back the new breakthrough cancer drug, ibrutinib, Cramer said.
Deutsche Bank downgraded Anadarko Petroleum (APC - Get Report), while making several interesting rating changes on other stocks. Cramer questioned the calls, saying "I don't get this kind of move."
Merrill Lynch upgraded Office Depot (ODP - Get Report) to buy from sell and "that usually means something's going on," Cramer said regarding an analyst that makes such a big upgrade.
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-- Written by Bret Kenwell in Petoskey, Mich.
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long JNJ