UPDATE: Leerink Swann Initiates Coverage on Molina Healthcare as Valuation Remains Compelling and Points to Multiple Expansion

In a report published Tuesday, Leerink Swann analyst Ana Gupte initiated coverage on Molina Healthcare (NYSE: MOH ) with a Market Perform rating and $35.00 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