NEW YORK (
TheStreet) -- Sterne Agee downgraded shares of DSW Inc. ( from hold to sell, while issuing a $23 price target. DSW - Get Report )
CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said the downgrade will have a short-term negative impact on the stock.
However, "women are back buying shoes," he reasoned, based on
Deckers Outdoors' ( and DECK ) Sketchers USA's ( recent earnings reports. Therefore, "do not sell DSW." SKX )
Anadarko Petroleum (, an Action Alerts PLUS holding, Credit Suisse boosted its price target on the stock to $134 from $122 a day ahead of its scheduled earnings release. APC - Get Report )
The stock has a lot of ways to create shareholder value, including through M&A and consolidation, Cramer said. However, shareholders should own Anadarko Petroleum because "it's an inexpensive stock."
- - Written by Bret Kenwell in Petoskey, Mich.