UPDATE: Leerink Swann Initiates Coverage on WellPoint as There is Upside Amid the Winds of Change

In a report published Tuesday, Leerink Swann analyst Ana Gupte initiated coverage on WellPoint (NYSE: WLP ) with an Outperform rating and $104.00 price target. In the report, Leerink Swann noted, “We are initiating coverage on 9 companies within US Managed Care. We expect upside to 2014E EPS from conservative