After market hours Monday, a researcher initiated coverage of (NASDAQ: AAPL) stock, and his positive take on the company helped send its shares higher the following day. Apple closed Tuesday 0.6% in positive territory in a trading session that saw the S 500 index decline by 0.1%.

The analyst behind the move was Bernstein SocGen Group's Mark Newman, who launched his Apple tracking with a recommendation of outperform (buy, in other words). The pundit set his price target at $290, anticipating upside of 22% on the high-profile tech stock's most recent closing stock price.

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Source Fool.com