Upgrades Neutral Overweight X

SNY Sanofi

JP Morgan

Initiated Outperform X

SNY Sanofi

Exane BNP Paribas

$65

Initiated Neutral X

SNY Sanofi

Goldman

$65

Upgrades Sell Hold X

SNY Sanofi

Deutsche Bank

Reiterated Buy X

SNY Sanofi

Argus

$55 $60

Initiated Equal-Weight X

SNY Sanofi

Morgan Stanley

$55

Resumed Buy X

SNY Sanofi

UBS

Downgrades Overweight Neutral X

SNY Sanofi

JP Morgan

Downgrades Buy Hold X

SNY Sanofi

Stifel

Upgrades Hold Buy X

SNY Sanofi

Berenberg

Initiated Buy X

SNY Sanofi

HSBC Securities

Downgrades Hold Sell X

SNY Sanofi

Deutsche Bank

Upgrades Eq Weight Overweight X

SNY Sanofi

Barclays

Resumed Overweight X

SNY Sanofi

Morgan Stanley

Upgrades Sell Hold X

SNY Sanofi

Deutsche Bank

Downgrades Buy Neutral X

SNY Sanofi

UBS

Initiated Outperform X

SNY Sanofi

SVB Leerink

Initiated Sell X

SNY Sanofi

Deutsche Bank

Upgrades Neutral Buy X

SNY Sanofi

UBS

Upgrades Hold Buy X

SNY Sanofi

Jefferies

Upgrades Underweight Eq Weight X

SNY Sanofi

Barclays

Initiated Neutral X

SNY Sanofi

Guggenheim

Upgrades Neutral Buy X

SNY Sanofi

BofA/Merrill

Upgrades Neutral Buy X

SNY Sanofi

Citigroup

Upgrades Hold Buy X

SNY Sanofi

Liberum

SNY  Sanofi ADS (Each repstg one-half of one ordinary share)

Sanofi is a healthcare company, focused on patient needs and engaged in the research, development, manufacture and marketing of therapeutic solutions. The Company's segments are Pharmaceuticals, Human Vaccines (Vaccines), and Other. The Pharmaceuticals segment comprises the commercial operations of various franchises, including Speciality Care (Rare Diseases, Multiple Sclerosis, and Oncology), Diabetes and Cardiovascular, Established Prescription Products, Consumer Healthcare and Generics, and research and development, production and marketing activities for all of the Company's pharmaceuticals operations. The Vaccines segment is dedicated to vaccines and includes the commercial operations of the Company's vaccines division Sanofi Pasteur and dedicated research and development, production and marketing activities for the Company's vaccines operations. Its Rare Diseases products include Cerezyme, Cerdelga, Myozyme and Lumizyme, Fabrazyme, and Aldurazyme.