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(Updates from 10:55 a.m. ET with closing information.)
NEW YORK (TheStreet) -- Here's what Jim Cramer had to say on CNBC's "Squawk on the Street" Friday.
KeyBanc upgraded DineEquity (DIN - Get Report) to buy from hold. "This is IHOP making a comeback," Cramer said, before agreeing that "it's a terrific idea to buy" the stock. DIN ended 2.6% higher at $78.37.
Wells Fargo upgraded Starbucks (SBUX - Get Report) to buy from hold. The analyst's piece about "the reinvention of Starbucks and what [CEO] Howard Schultz is doing" is brilliant, Cramer said. SBUX rose 2.3% to $74.04.
Credit Suisse initiated Red Hat (RHT - Get Report) as a buy with a $70 price target. Cramer said the stock has plateaued after reporting a "fantastic quarter." RHT is a holding in his charitable portfolio, Action Alerts PLUS. RHT was up 2.6% at $56.99.
Athenahealth's (ATHN - Get Report) CEO Jonathan Bush "delivers a quarter to end all quarters," Cramer said. Shares are surging almost 20% after the company's earnings report. Cramer also touted Bush's upcoming book regarding the health care industry and how to save it. ATHN vaulted 25.1% to $173.93.
RBC Capital upgraded Lululemon Athletica (LULU - Get Report) to outperform from sector-perform. Cramer reasoned that "people finally feel that it's down enough," with shares still off 20% for the year to date. LULU rose 4.3% to $47.38.
GW Pharmaceuticals (GWPH) "is the most legitimate marijuana stock," Cramer said. Only a small part of the pain relief company is exposed to the marijuana industry, he added, giving investors some diversification. GWPH jumped 7.2% to $61.85.
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-- Written by Bret Kenwell in Petoskey, Mich.