Sanofi (NASDAQ:SNY – Get Free Report) saw unusually large options trading on Thursday. Wall Street Zen downgraded Sanofi from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Morgan Stanley set a $49.00 price target on Sanofi in a research report on Wednesday, July 8th. Get Sanofi alerts:Get Our Latest Research Report on SNYSanofi Stock PerformanceHedge Funds Weigh In On SanofiShares of NASDAQ:SNY traded down $3.01 during midday trading on Thursday, reaching $41.84. Morgan Stanley now owns 9,102,196 shares of the company’s stock valued at $441,093,000 after purchasing an additional 1,540,271 shares during the period.