Pfizer Followers Aren't Impressed

Shares of Pfizer(PFE Quote) continued sinking Tuesday as investors remained lukewarm about the drug giant's massive makeover.

By late afternoon, shares were off 74 cents, or 2.8%, to $26.21. On Monday, the stock dropped 1% after Pfizer said it would fire 10% of its worldwide staff, or about 10,000 people, by the end of 2008. Pfizer also reported fourth-quarter and full-year 2006 earnings that narrowly beat Wall Street estimates.

Most analysts with buy ratings stood their ground, and those with neutral ratings remained on the fence. But Bear Stearns analyst John Boris dropped his rating to peer-perform from outperform. ...