April 18 (Bloomberg) -- Investors should buy Downey Financial Corp., the holding company for Downey Savings & Loan, because it's a takeover target, CNBC host Jim Cramer said today on his ``Mad Money'' television program.

Downey Financial could increase to $110 a share from $66.87, said Cramer, a market commentator and former hedge-fund manager. Downey became a target after Wachovia Corp.'s purchase of Golden West Financial Corp., he said.

BorgWarner Inc., the world's biggest supplier of automatic- transmission parts, also was recommended by Cramer because it will benefit from a U.S. Supreme Court decision instructing the Environmental Protection Agency to re-evaluate its refusal to regulate greenhouse-gas emissions. BorgWarner's has vehicle parts that will reduce emissions and improve fuel economy, Cramer said.

Cramer recommended viewers buy or hold Lehman Brothers Holdings Inc., Goldman Sachs Group Inc., Bear Stearns Cos., Impac Mortgage Holdings Inc., Google Inc., Halliburton Co., Transocean Inc., Yamana Gold Inc., Genco Shipping & Trading Ltd., Lundin Mining Corp., EBay Inc., Toyota Motor Corp., Ameren Corp., Brocade Communications Systems Inc., Mosaic Co., Southern Copper Corp., FuelCell Energy Inc., Kroger Co. and Exxon Mobil Corp.

He suggested viewers sell or avoid Intel Corp., Northern Orion Resources Inc., Uranerz Energy Corp. and Hovnanian Enterprises Inc.

Cramer said he owns Halliburton and Goldman Sachs for its charitable trust.

To contact the reporter on this story: Adam Satariano in San Francisco at Asatariano1@bloomberg.net.