Credit Suisse raises stock market forecast, sees downside risks as 'less ominous'

The Charging Bull, sometimes referred to as the Wall Street Bull, a bronze sculpture in the Financial District of Manhattan with a facemask in New York May 19, 2020.
Timothy A. Clary | AFP | Getty Images

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One of the most bearish strategists on Wall Street now says the S&P 500 will climb higher before the end of the year. 

Credit Suisse's Jonathan Golub previously was tied for the lowest year-end S&P 500 target in the CNBC Market Strategist Survey. He raised his target on Monday after a rapid rally over the past three months blew past his previous target.