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Poste Italiane: price target raised by UBS

( - UBS has reiterated its 'buy' recommendation on Poste Italiane, with a price target raised from 14.
2 to 14.5 euros, a new target that offers 18% upside potential for the Italian postal operator's stock.

The broker says it remains constructive on the dossier 'due to its defensive EBIT margin, its 8% dividend yield expected for 2024-28 with a possible increase in capital distribution, and a P/E (price to EPS ratio) that remains attractive'.

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