Analysts' Actions: Akamai, Bristol-Myers, Eli Lilly, Merck, Pfizer

NEW YORK (TheStreet) -- RATINGS CHANGES

Akamai (AKAM) was initiated with an outperform rating at Robert Baird. Twelve-month price target is $71. Company is an industry leader that can benefit from multiple secular trends, Robert Baird said.

Biglari (BH) was downgraded to hold at TheStreet Ratings.

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Bristol-Myers (BMY) was initiated with a hold rating at Deutsche Bank. Valuation call, based on a 12-month price target of $52, Deutsche BAnk said.

Eli Lilly (LLY) was initiated with a buy rating at Deutsche Bank. Twelve-month price target is $71. Company is poised to return to growth in the coming years, Deutsche Bank said.

Merck (MRK) was initiated with a hold rating at Deutsche Bank. Valuation call, based on a 12-month price target of $63, Deutsche Bank said.

Pfizer (PFE) was initiated with a buy rating at Deutsche Bank. Twelve-month price target is $34. Company has a strong financial position with attractive valuation and dividend, Deutsche Bank said.

Rent-A-Center (RCII) was upgraded at Canaccord Genuity to buy from hold. Twelve-month price target is $32. More flexible labor model should cut costs, Canaccord Genuity said.

United Continental (UAL) was upgraded to buy at TheStreet Ratings.

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Waste Management (WM) was upgraded at Stifel Nicolaus to buy from hold. Twelve-month price target is $55. Company is cutting its workforce, but can continue to generate steady free cash flow, Stifel Nicolaus said.

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