Top Analyst Upgrades and Downgrades: Bluebird Bio, Boston Beer, Etsy, Gilead, Pfizer, PMC-Sierra, Valeant and More

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Stocks were down marginally on Tuesday morning, and indicated much better than the early-bird lows. Investors keep indicating that they will buy their favorite stocks and other value stocks or opportunities when the opportunity is there.

24/7 Wall St. reviews dozens of analyst research reports each day to find new investing and trading ideas for our readers. Some¬†analyst research reports cover stocks to buy and others cover stocks to sell or avoid. These are this Tuesday’s top analyst upgrades, downgrades and initiations.

Bluebird Bio Inc. (NASDAQ: BLUE) was started as Outperform with a $162.00 price target (versus an $81.83 prior close) at Oppenheimer. Bluebird dropped over 4% to $81.83 on Monday and was indicated lower on Tuesday on the heels of a presentation at an anemia symposium on Monday. Bluebird shares have a 52-week trading range of $35.00 to $197.35.

Boston Beer Co. (NYSE: SAM) was raised to Neutral from Sell and the price target was raised to $244.00 from $208.00 (versus a $241.34 close) at Goldman Sachs.

Etsy Inc. (NASDAQ: ETSY) was raised to Neutral from Underperform at Wedbush Securities, but the $9.00 price target is under the $10.94 prior close. Etsy has a consensus target above $14.00 and a post-IPO range of $10.29 to $35.74.

Gilead Sciences Inc. (NASDAQ: GILD) was reiterated as Outperform at Oppenheimer, and the firm raised its price target up to $124.00 from $120.00 (versus a $103.61 close). The consensus analyst price target is $124.25, and the 52-week range is $85.95 to $123.37.

Pfizer Inc. (NYSE: PFE) was raised to Outperform from Market Perform and the $35.00 prior price target was raised to $43.00 (versus a $34.50 close) at Cowen. The consensus price target is $39.33. The 52-week range is $28.00 to $36.46.

PMC-Sierra Inc. (NASDAQ: PMCS) has now received a higher bid of $11.35 and it closed at $11.75 on Monday. The chipmaker was downgraded to Market Perform from Outperform with an $11.00 price target at Northland Securities.

Valeant Pharmaceuticals International Inc. (NYSE: VRX) was downgraded to Sector Perform from Sector Outperform at CIBC. Valeant closed down 7.7% at $163.83 on Monday, against a 52-week range of $123.96 to $263.81.

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Other key analyst upgrades, downgrades and initiations seen on Tuesday were in the following: