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UPDATE: UBS Maintains Buy on Intel, Raises Price Target to $75 As Firm Notes 'INTC is keyed to free cash flow which we think has some solid leverage' Notes 2 Reasons Why:

1) capex is arguably over-stated this year given the need to eradicate supply tightness 2) there are a multitude of outsourcing opportunities that can be FCF-accretive over the coming years

Benzinga · 01/24/2020 14:09

1) capex is arguably over-stated this year given the need to eradicate supply tightness

2) there are a multitude of outsourcing opportunities that can be FCF-accretive over the coming years