UPDATE: Goldman Sachs Downgrades Fiserv to Neutral on Limited Near-Term Catalysts

Goldman Sachs reduced its rating on Fiserv (NASDAQ: FISV) from Buy to Neutral as it sees better value elsewhere at the moment. Goldman Sachs said, "We downgrade FISV to Neutral from Buy where following a 21% ytd return (vs. the S&P 500's 11.4% gain) we see lower multiple expansion. Since adding FISV to the Americas Buy List on October 19, 2011, the shares are up 24.3% vs. the S&P 500 up 15.7%%. Over the last 12 months, FISV shares are up 28.1% vs. the S&P 500 up 15.4%. … [A]t current valuation levels we see few near-term catalysts for multiple expansion, and while our 12-month price target reflects 12.9% upside from current levels, we believe that other stocks in our coverage universe offer higher return prospects."Fiserv closed at $71.31 on Friday.