Goldman Sachs raised the S&P 500 index's target for the end of the year to 1060 from 940 Monday, but said the risk of "double-dip" recession remains significant.
Goldman Sachs made the move to reflect potential price return of about 13 percent from the current levels, Reuters reported.
It also raised the S&P 500 operating earnings view to $52 from $40 for this year.