Infineon: Underlying Growth Remains Robust

adventtrInvestment action I recommended a buy rating for Infineon (OTCQX:IFNNY) when I wrote about it the last time, as I expected growth to normalize as the business continues to clear its backlog. Doing so, the market should eventually re-value its multiple to its peers’ level. The stock took a big dive before recovering, and I believe the current momentum can continue. Based on my current outlook and analysis of IFNNY, I recommend a buy rating. Underlying demand remains robust for IFNNY, especially i ...