Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Coca-Cola : The soft drink giant was named top pick at Morgan Stanley, replacing PepsiCo . “This is a challenged group with GLP-1s [weight loss and diabetes drugs] and sugar,” and Coca-Cola CEO James Quincey has done a great job steering the ship, Jim Cramer said Tuesday. Hershey : The chocolate maker was downgraded to a sell rating at Citi. “I don’t trust the sell call,” Cramer said. Cleveland-Cliffs : The steelmaker caught an upgrade to a buy at Seaport. Ferrari : Morgan Stanley raises its price target on Ferrari to $520 per share. “It’s an outlier. RACE is ultra-premium,” Cramer said. BlackRock : Barclays started BlackRock with an overweight buy rating. “Great organic growth and the largest company in the industry,” Cramer said, adding it’s a good call. Cramer said he should have bought the stock for his Charitable Trust, the portfolio used for the CNBC Investing Club.
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