Fanuc Corporation: Consider ROBOT Business’ Weak Outlook (OTCMKTS:FANUY)

International Robot Exhibition 2022 In Tokyo

Yuichi Yamazaki/Getty Images News

Elevator Pitch

I continue to assign a Hold rating to Fanuc Corporation (OTCPK:FANUY) [6954:JP] shares. FANUY’s recent share price correction following Q1 results has already priced in headwinds associated with the company’s ROBOT business division, considering that its trailing P/E multiple is

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