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Investing.com - Deutsche Bank raised its price target on Poste Italiane SpA (BIT:PST) to EUR21.00 from EUR20.50 while maintaining a Buy rating on the stock.
The adjustment incorporates a 3% increase to Deutsche Bank’s 2025-28 estimates for the Italian postal and financial services company, reflecting a positive outlook driven by the company’s strategic initiatives.
Deutsche Bank’s view is reinforced by recent management presentations that confirmed a proactive and forward-looking strategic approach at Poste Italiane.
The bank highlighted that Poste Italiane’s 24.8% stake in Telecom Italia (BIT:TLIT) represents a cornerstone of its growth strategy, designed to generate substantial shareholder value through synergies.
Management’s strategic focus includes IT and procurement cost savings, co-investments in cloud infrastructure and data centers, and leveraging cross-selling opportunities with Telecom Italia’s corporate client base, with preliminary guidance on collaborative impacts expected in February/March of next year.
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