Kepler Cheuvreux upgrades Poste Italiane stock to Buy

Published on 10/13/2026 at 10:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kepler cut its target to EUR 27.50 from EUR 28.00 on October 12, 2026. Poste Italiane stock was at EUR 24.70 on October 13, 2026.

Key points in brief

Kepler Cheuvreux upgraded Poste Italiane to Buy and cut its target to EUR 27.50 from EUR 28.00 on October 12, 2026.
Poste Italiane completed a second buyback tranche covering 2,806,298 shares for EUR 67.80 million.
The stock was trading at EUR 24.70 at Lang & Schwarz on October 13, 2026 at 10:07 a.m. CEST, while market capitalization stood at EUR 32.0 billion.

Editorial-Foto eines Börsenparketts mit Kursbildschirmen für Logistik- und Bankensektor — Poste Italiane S.p.A. (IT0003796171) notiert an der Börse, dargestellt durch dieses editoriale Trading-Floor-Motiv, Illustration mit AI erstellt.

Poste Italiane (ISIN IT0003796171) was trading at EUR 24.70 at Lang & Schwarz on October 13, 2026 at 10:07 a.m. CEST. On October 12, 2026, Kepler Cheuvreux upgraded the shares from Hold to Buy and cut its target to EUR 27.50 from EUR 28.00, according to Repubblica.

Three dated events shape the story

On September 28, 2026, Poste Italiane reported that its tender and exchange offer for TIM had reached 85.822 percent of TIM share capital, as stated by Poste Italiane.

Between October 7 and October 12, 2026, the company bought 2,806,298 shares for EUR 67.80 million in the second tranche of its buyback program. Teleborsa reported that the purchases represented 0.174 percent of share capital.

Kepler's October 12, 2026 upgrade is the latest of the three events. Its revised target remains EUR 2.80 above the current Lang & Schwarz price, although the target itself was reduced from EUR 28.00.

What does the buyback add?

The second tranche leaves Poste Italiane with 17,540,251 treasury shares, equal to 1.088 percent of share capital, according to Teleborsa. The figure gives investors a concrete measure of the capital return program while Poste integrates its new TIM holding.

Operational momentum had also been visible in the first half of 2026. Poste Italiane generated EUR 6.8 billion of revenue, up 6.00 percent year over year, and adjusted EBIT of EUR 1.8 billion, up 7.00 percent, according to MarketScreener.

Next dates are in November

Poste Italiane lists November 11, 2026 for approval of the interim report on operations as of September 30, 2026, followed by the Q3 and nine-month 2026 results presentation on November 12, 2026, on its investor-relations page. Those dates provide the next scheduled test for the financial contribution of the TIM transaction.

EUR 24.70 price and EUR 29.48 high

Poste Italiane had a market capitalization of EUR 32.0 billion on October 13, 2026. Its 52-week range was EUR 19.28 to EUR 29.48 on the same date, leaving the Lang & Schwarz price below the yearly high.

At Lang & Schwarz, Poste Italiane was trading at EUR 24.70 on October 13, 2026 at 10:07 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Poste Italiane stock.