Morgan Stanley sets EUR 29 target for Poste Italiane stock

Published on 10/19/2026 at 09:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley rates Poste Italiane Overweight on October 13, 2026. Poste Italiane stock costs EUR 24.05 on October 19, 2026 with EUR 700 million in synergies.

Analyst target and reporting dates

Morgan Stanley began coverage with an Overweight rating and a EUR 29.00 target on October 13, 2026.
Poste Italiane targets EUR 700.0 million in annual pretax TIM synergies, including EUR 500.0 million in cost savings.
Poste Italiane stock traded at EUR 24.05 at 9:46 a.m. CEST at Lang & Schwarz on October 19, 2026.
Poste Italiane will publish its interim report on November 11, 2026.

Makroaufnahme von Kartonoberfläche mit Etikettenpapier und gespannter Paketschnur — Poste Italiane S.p.A. (IT0003796171) verschickt täglich Millionen Pakete, hier eine Makroaufnahme der Verpackungstextur, Illustration mit AI erstellt.

Poste Italiane (ISIN IT0003796171) was trading at EUR 24.05 at Lang & Schwarz on October 19, 2026 at 9:46 a.m. CEST. The latest analyst action came from Morgan Stanley, which resumed coverage on October 13 with an Overweight rating and a EUR 29.00 price target, according to Teleborsa.

Why TIM changes the growth case

The target is tied to Poste's integration of Telecom Italia. Morgan Stanley said management is targeting EUR 700.0 million in annual pretax synergies, comprising EUR 500.0 million from cost efficiencies and more than EUR 200.0 million from additional revenue, the same October 13 report said.

The analyst model also projects adjusted earnings per share growth of 8.00 to 10.00 percent in 2028 and 2029. Morgan Stanley's pro forma earnings estimates for those years are 8.00 to 9.00 percent above consensus, while the bank identified weaker revenue synergies and higher TIM investment needs as risks.

Three steps toward the TIM integration

On September 29, 2026, Poste Italiane said it reached 85.823 percent of TIM's share capital after the offer reopened. On October 2, 2026, it reported a capital increase linked to the offer, and on October 12, 2026, it published information on its own-share purchases and the conclusion of the second buyback tranche, according to the company's Poste Italiane investor page.

What dates come next?

The next reporting date is November 11, 2026, when Poste Italiane plans to approve its interim report for the period ended September 30, 2026. The group plans to present its third-quarter and nine-month 2026 results on November 12, 2026, according to the financial calendar on the company's investor page.

Credit profile remains stable

Teleborsa reported on October 9, 2026 that Moody's had affirmed Poste Italiane's Baa2 long-term issuer rating and stable outlook. The rating action followed the TIM transaction, leaving integration execution and cash deployment as the main variables behind the analyst case.

Poste Italiane was trading at EUR 24.05 at Lang & Schwarz on October 19, 2026 at 9:46 a.m. CEST. The quote is the intraday euro reference for investors in Germany.

The further course of trading is shown by the continuously updated real-time quote of Poste Italiane stock.