(WSM.L) Wellstream Holdings PLC Buy/Sell

MILAN, Oct 28 (Reuters) - The following factors could affect Italian markets on Wednesday.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

FIAT

Chrysler, the U.S. automaker in which Fiat holds a 20 percent stake, ranks at the bottom of the industry for reliability, according to an annual Consumer Reports survey released on Tuesday.

Fiat CEO aims to bring Chrysler to a profit in 2011 and cut the time-to-market of its models to 18 months as part of the U.S. automaker's business plan that will be unveiled Nov. 4, La Repubblica said in an unsourced report.

Germany's new government will take a fresh look at the planned sale of carmaker Opel to Canada's Magna and may consider dropping its support for the deal, a member of the trust overseeing Opel said. Fiat made an early bid for Opel but dropped out of later talks.

TELECOM ITALIA

Benetton-owned Sintonia is expected to quit a pact of investors that controls Telecom Italia through a partial demerger that would result in Sintonia holding directly 2 percent of the phone company, La Repubblica said without citing sources. A spokesman for Benetton declined to comment.

Il Sole 24 Ore said the pact renewal announcement is expected on Wednesday or on Thursday morning at the latest.

INTESA SANPAOLO

The management board has given a mandate to its CEO to finalise an offer to buy 50 branches from Banca Monte dei Paschi di Siena at 4 million euros each, Il Messaggero said, without citing sources. Carige will not participate in the bid since the price is too high, it added.

The paper also said the bank will decide on whether to sell a minority or majority stake in asset management unit Banca Fideuram or list it by the end of November.

A2A

The tax arrears the utility has to pay will have a significant impact on the group's results, managing director Renato Ravanelli said in an interview with MF. He added A2A could tap the bond market again in 2010 but not before autumn. Without citing sources, MF said A2A is considering offering a 2009 dividend much lower than 2008. * EDISON

The idea of a break-up of the group is gaining ground, Corriere della Sera said, without citing sources. France's EDF is using Boston Consulting as advisor, it said.

SAIPEM

The oil services company has no plans to make acquisitions in the flexible pipes market, its chief executive said, rejecting speculation of a possible interest in Wellstream .

Saipem Chief Executive Pietro Franco Tali said he did not expect a dramatic fall in revenues in 2010 although he added he expected weaker 2010 results in the oil services industry.

UBS raises target to 18.5 euros from 17.5 euros, rating 'sell'

MEDIOBANCA

Mediobanca reports first-quarter results.

Nomura raised its price target to 10.40 euros from 7.70 euros with a "buy" rating.

The bank is expected to launch a 5-year retail bond of at least 1.5 billion euros, sources told Reuters.

BULGARI

Citigroup raises target price to 3 euros from 2.7 euros, rating 'sell'

SMALL/MID-CAPS

* ANSALDO STS

The company's third-quarter results are positive and in line with recent forecasts while orders are increasing, Finanza & Mercati said, citing CEO Sergio De Luca. * COIN

The department store chain could announce a merger with debt-laden rival Upim in November in a deal in which creditor banks UniCredit and Natixis will convert part of their Upim debt in shares, Il Sole 24 Ore said in an unsourced report.
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