Story updated at 10 a.m. to reflect market activity.
Shares of Tenet Healthcare fell 0.9% to $62.30 in morning trading.
The analyst firm set a price target of $65 for the hospital operator. Leerink expects Tenet Healthcare to report earnings of $1.42 a share in 2014, above consensus estimates of $1.38 a share. For 2015 the analyst firm estimates earnings of $2.80 a share, above the consensus of $2.77 a share.
"We see the tailwinds of the ACA as getting increasingly priced in though near-term positive revisions should continue through 2015," Leerink analyst Ana Gupta wrote.
Separately, TheStreet Ratings team rates TENET HEALTHCARE CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate TENET HEALTHCARE CORP (THC) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."