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(Updates from 10:47 a.m. ET with closing information and a corrected ticker symbol for Mead Johnson Nutrition.)
NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Tuesday.
Cramer said Apple's (AAPL) streaming music service hasn't been able to slow down Pandora (P - Get Report), which had its price target raised by Piper Jaffray. P closed down 3.3% to $28.74.
Goldman Sachs downgraded Altera (ALTR). Cramer said the analyst is "throwing in the towel" since the stock has been such a poor performer. ALTR dropped 4.3% to $31.06.
Merrill Lynch says to buy Jack In The Box (JACK - Get Report). Cramer added that the "key" for the company's success was closing Qdoba restaurants and opening more Jack In The Box locations. JACK was down 4 cents to $44.58.
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Mead Johnson Nutrition (MJN - Get Report) will benefit from higher baby formula sales in China now that the country has loosened its one-child population control policy, Cramer said. MJN was up 31 cents to $83.
Credit Suisse initiated Estee Lauder (EL - Get Report) as a buy. Cramer said the stock has been a "star" compared to Avon Products (AVP) and Coty (COTY), which have underperformed. EL was 30 cents lower to $72.56.
Morgan Stanley increased its price target on Chipotle Mexican Grill (CMG - Get Report) to $594. Cramer said the company has accelerating comparable-store sales, which is "what people want." CMG was up 65 cents to $538.16.
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-- Written by Bret Kenwell in Petoskey, Mich.