The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( Insider Monkey) -- Goldman Sachs published a report entitled "Americas: Technology: IT Services" on Jan. 11. The report isn't publicly available but we will discuss its main points. In their report, Julio C. Quinteros Jr., Vincent Lin, Roman Leal and Geo John are defensive for the IT services sector in the year 2012. Goldman Sachs ( GS) is concerned about the "current macro backdrop, with expectations for a slower global growth clouding visibility as we head onto 2012." They have concentrated on stocks that are U.S.-based, mentioning a number of buy- and sell-rated stocks. Here are Goldman Sachs' sell-rated stocks.
Equifax ( EFX) collects, organizes, and manages various financial, demographic, employment, and marketing information solutions for businesses and consumers. Goldman Sachs has given the company a sell rating. Shares of the company are currently trading at $39 per share and are expected to fall to a price target of $36 per share. The price target is based on the CY2012 price-to-earnings ratio of 14.6. Equifax is expected to generate an estimated return on capital of 10%. The price target was recently revised by Goldman Sachs taking into account improved operating results and recent multiple expansions for Equifax. Eminence Capital had the largest stake in EFX among the 350 hedge funds we are tracking. Pitney Bowes ( PBI) provides mail processing equipment and integrated mail solutions on a global basis. It has been given a sell rating by Goldman Sachs. The company is currently facing protracted weakness in the SMB sector that could limit its valuation in the near future. Earnings growth is also reporting a slowdown but its consistent dividend yield of 8% will provide some support to the stock prices. Shares of the company are currently trading at $19.3 per share and are expected to go south of $18 per share by the end of 2012. Ray Dalio's Bridgewater Associates sold its entire position in the company during the third quarter. Solera Holdings ( SLH) provides software and services to the automobile insurance claims processing industry. It has been given a sell rating by Goldman Sachs. Solera has a significant exposure to the European markets in the near term. Goldman Sachs recently lowered the price target for the company due to headwinds caused by an increase in financial expenditures. Its shares are currently trading at $43 per share and are expected to reach a price target of $41 per share. The company has a price-to-earnings ratio of 19.3. Jim Simons' Renaissance Technologies reduced its position in Solera by 11% during the third quarter.