Two Abandon Google Bandwagon

Sizzling Google(GOOG Quote) is getting too hot for some analysts to handle.

Stifel Nicolaus analyst Scott Devitt and Scott Kessler of Standard & Poor's cut the search engine giant to sell. In doing so they buck the overwhelming sentiment of their peers, most of whom rate the stock buy even after a 300% run-up since its August 2004 initial public offering. Only one other analyst, Philip Remek of Guzman & Co., rates Google a sell, according to Bloomberg data.

In his note to clients, Devitt argues that Google's share price -- it fetched $453 Wednesday morning after a Yahoo! (YHOO Quote)-inspired 3% drop -- isn't justified by the fundamentals of the business. ...