Why Apple Stock Inched Higher on Tuesday

After market hours Monday, a researcher initiated coverage of Apple (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&P 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. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool