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NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Tuesday.
Everyone hated Allergan (AGN - Get Report) a few months ago, Cramer said. But because its new drug, Restasis, has no patent infringements and is projected to do well, investors like it again. RBC Capital Markets recommended it as a buy. AGN rose 1.6% to $112.55.
Goldman Sachs downgraded Alliance Data Systems (ADS - Get Report) to hold from buy. Cramer disagreed, saying its business is doing great. Goldman Sachs is saying "it's too expensive. I think they're wrong," he said. ADS fell 1.2% to $255.19.
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Morgan Stanley also upgraded MGM Resorts International (MGM - Get Report) to buy from hold and raised its price target to $28, from $21. Cramer said, "I still like Wynn Resorts (WYNN) better, but MGM is terrific." MGM jumped 4.4% to $24.51.
"Perrigo (PRGO - Get Report) is the value play in its group," Cramer said. He added that people didn't understand its tax changes at first because of the company's move to Ireland. PRGO was 1.2% higher at $154.58.
Capital One Financial (COF - Get Report) was added to Goldman Sachs' conviction buy list and given a $90 price target. Cramer said he agreed with the call and that credit card companies will make even more money as the yield curve continues to steepen. COF ended the day up nearly 1% at $77.28.
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-- Written by Bret Kenwell in Petoskey, Mich.