Poste Italiane starts TIM integration. Morgan Stanley targets Poste Italiane stock at EUR 29.00

Published on 10/21/2026 at 10:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley set a EUR 29.00 target on October 13, 2026. Poste Italiane stock costs EUR 24.21, 0.75 percent above the Xetra close.

TIM integration sets the agenda

Poste Italiane targets EUR 700 million in annual pretax synergies after the October 13, 2026 integration update.
First-half 2026 revenue reached EUR 6.84 billion and adjusted EBIT EUR 1.80 billion.
Poste Italiane stock trades at EUR 24.21 at 10:05 a.m. CEST at Lang & Schwarz on October 21, 2026, 0.75 percent above the Xetra close of October 20, 2026.
Poste Italiane is scheduled to approve its nine-month report on November 11, 2026.

Isometrische 3D-Grafik der Prozesskette von Lager, Sortierung, Zustellung bis Banking-App — Poste Italiane S.p.A. (IT0003796171) zeigt hier ihre Wertschöpfungskette von Lager bis digitalem Banking isometrisch, Illustration mit AI erstellt.

Poste Italiane (ISIN IT0003796171) was trading at EUR 24.21 at Lang & Schwarz on October 21, 2026 at 10:05 a.m. CEST, up 0.75 percent versus the Xetra close of October 20, 2026 at EUR 24.03. The latest corporate focus is the industrial integration of Telecom Italia, while Morgan Stanley has set a EUR 29.00 target for the stock.

According to MarketScreener on October 13, 2026, Poste and TIM had begun work on an industrial project after the financial phase of the transaction was completed. The project is intended to combine their networks, customer platforms and digital capabilities.

What could the integration mean?

Teleborsa reported on October 13, 2026 that Morgan Stanley had resumed coverage with an Overweight rating and a EUR 29.00 target. The bank cited a management goal of EUR 700 million in annual pretax synergies, including EUR 500 million from cost efficiencies and more than EUR 200 million from revenue opportunities.

The operating baseline is substantial. Poste Italiane reported first-half 2026 revenue of EUR 6.84 billion, adjusted EBIT of EUR 1.80 billion and net profit of EUR 1.20 billion, according to TokenPost on October 13, 2026. The same report said the TIM transaction should support earnings per share from fiscal year 2027.

Three dates show the transition

On September 29, 2026, Poste Italiane said its acceptance results took the holding in Telecom Italia to 85.823 percent. On October 12, 2026, the company completed a second buyback tranche covering 2.8 million shares for EUR 67.8 million, according to its investor-relations page and MarketScreener. The October 13 integration meeting added the EUR 700 million synergy objective to that chronology.

Key dates for investors

Poste Italiane's investor calendar lists November 11, 2026 for approval of the interim report covering September 30, 2026, followed by the nine-month results presentation on November 12, 2026. The interim dividend payment is scheduled for November 25, 2026, with an ex-dividend date of November 23, 2026, according to the company's investor-relations page.

Stock price and integration risk

The valuation case now depends on execution as much as on the headline synergy figure. Moody's confirmed Poste Italiane's Baa2 rating with a stable outlook on October 9, 2026, but linked the credit view to successful integration of TIM, according to Repubblica. For investors, the next results will provide the first scheduled test of the combined group's financial profile.

Poste Italiane was trading at EUR 24.21 at Lang & Schwarz on October 21, 2026 at 10:05 a.m. CEST, 0.75 percent above the Xetra close of October 20, 2026 at EUR 24.03. The further course of trading is shown by the continuously updated real-time quote of Poste Italiane stock.