Just searched for this myself and found two answers.
1) To go to the enclosing folder, hold down command and click the file in spotlight.
2) To see the whole location tree, hover over the file until it pops up on the side, then press command and option. This will show you the location tree but it is view only. You cannot go directly to any part of the tree.
I like the old way better, but c'est la vie.