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NEW YORK (TheStreet) -- Sterne Agee downgraded shares of DSW Inc. (DSW) - Get Free Report from hold to sell, while issuing a $23 price target. 

On 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'  (DECK) - Get Free Report and SketchersUSA's (SKX) - Get Free Report recent earnings reports. Therefore, "do not sell DSW." 

Turning to Anadarko Petroleum (APC) - Get Free Report, 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. 

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.

Follow @BretKenwell

At the time of publication, Cramer's Action Alerts PLUS had a position in APC.