Jim Cramer Advises His Viewers On BlackRock, Target And More

On CNBC's "Mad Money Lightning Round", Jim Cramer said Biogen Inc BIIB could double if it meets its endpoints and it could lose 40 percent if it doesn't meet them. The company failed to meet the endpoints earlier, but now it claims that it has made them. Cramer added this stock in't for him, but he suggested viewers should make their own decision based on the risk-reward.

Cramer likes Regions Financial Corp RF and other medium size banks.

Lockheed Martin Corporation LMT is very good and it could recover, said Cramer. He prefers Raytheon Company RTN.

U.S. Bancorp USB is one of Cramer's favorite banks. He thinks it could do quite well, but not instantly.

Cramer is a buyer of Target Corporation TGT. He thinks the stock is a winner.

This is a rare opportunity to buy BlackRock, Inc. BLK when it's down, said Cramer. He would take advantage of it.