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NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Friday.
Citigroup downgraded Cheniere Energy (LNG - Get Report) to hold from buy. Cramer couldn't understand this because the company is "putting more people to work" than any other company he knows. LNG rose 10 cents to $46.37.
Bank of America/Merrill Lynch downgraded Barracuda Networks (CUDA - Get Report) to neutral from buy saying that while the company delivered on earnings, it wasn't enough to please investors. "People want too much from the CUDA," he concluded. CUDA plummeted 6.5% to $36.47.
Goldman Sachs downgraded BlackRock (BLK - Get Report) to hold from buy and Cramer disagreed. "I think you stick with BlackRock. I don't like this downgrade," he said. He added that CEO Larry Fink has done a remarkable job. BLK fell by $1.14 to $314.94.
Hertz Global Holdings (HTZ - Get Report) can be a great company, Cramer said. "Sum of the parts is $35 to $39," he added, meaning the company's business segment are not valued high enough relative to the stock price. HTZ rose 8 cents to $27.74.
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-- Written by Bret Kenwell in Petoskey, Mich.