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(Updates from 10:57 a.m. ET with closing information.)
NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Wednesday.
Raymond James upgraded VMware (VMW - Get Report) to strong buy from buy and Cramer said everyone loves the stock. He added, "If it does go down, it will bounce back." VMW fell 3.4% to $91.72.
Credit Suisse raised its price target on Medivation (MDVN - Get Report) to $95 from $80. Cramer said its prostate cancer drug "has some really good results" and that investors will get more information on the drug from the company on Thursday. MDVN jumped 11.2% to $84.29.
WellPoint (WLP) is now higher, after dropping on Tuesday ahead of its fourth-quarter earnings results. "These stocks are very hard to trade," Cramer said, but this one had an impressive bounce back after it looked liked it disappointed. WLP was 1.3% higher to close at $85.37.
Keefe Bruyette & Woods downgraded D.R. Horton (DHI - Get Report) to hold from buy. Every time the homebuilders go up a couple bucks, "someone has to downgrade them," Cramer said. DHI rose 11 cents to $23.11.
Goldman Sachs downgraded Teradata (TDC - Get Report) to sell from hold. Cramer said he found it "interesting this isn't down more," but acknowledged that it is one of the worst-performing stocks in the S&P 500 over the past year. TDC fell 4.2% to $42.07.
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-- Written by Bret Kenwell in Petoskey, Mich.