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Cramer: Don't Mind Deutsche Bank's Starbucks Cut

Speaking on CNBC's Squawk on the Street, Jim Cramer commented on Deutsche Bank's downgrade of Starbucks Corporation.

He said he understands what the analyst is trying to say with the downgrade. Its basic message is, "You made a lot of money, don't give it back," thinks Cramer.

He added that he doesn't mind this kind a downgrade, because the stock had such a big run. He also thinks that in the long term, investors have to be bullish. If they decide to sell now, they don't know if they are going to be able to buy it back in time.

Cramer's charitable trust fund owns Starbucks and if the stock drops to $54, he is going to buy more.

Read more: http://www.benzinga.com/media/cnbc/16/04/7833380/cramer-dont-mind-deutsche-banks-starbucks-cut#ixzz45hlf7GHG