Italian Stocks - Factors to watch on Sept 25

MILAN, Sept 25 (Reuters) - The following factors could affect Italian markets on Friday.

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

UNICREDIT (CRDI.MI) * Five banks have lined up to guarantee UniCredit's 4 billion euros capital increase, Il Messaggero said without citing sources. They are Merrill Lynch, Mediobanca, Credit Suisse, Goldman Sachs and UBS and are to underwrite 800 million euros each, it said.

UniCredit has ruled out a sale of stakes in Atlantia (ATL.MI) or Mediobanca (MDBI.MI) as urgent measures to boost its capital, Il Sole 24 Ore reported. According to unnamed financial sources cited by the newspaper, UniCredit has already formally communicated it intends to remain in Mediobanca's pact.

Credit Suisse raised its price target to 2.90 euros from 2.70 euros.

INTESA SANPAOLO (ISP.MI)

A bank executive has recently told Economy Minister Giulio Tremonti the bank will do without state help to boost its capital ratios, Il Messaggero said citing unnamed sources close to the economy ministry.

Instead, Intesa is getting ready for a 1.5 billion euro hybrid bond and the sale of its depositary bank for a price close to 1.5 billion euros, the newspaper said.

Il Sole 24 Ore said Intesa's board may examine an offer for consumer credit company Delta at its meeting on Tuesday.

TELECOM ITALIA (TLIT.MI)

A bond aimed at retail investors for 1 billion to 1.5 billion euros could be launched by the group shortly, Corriere della Sera said in an unsourced report on a board meeting on Thursday which discussed the issue.

The Italian post office, Poste Italiane SpA, would be interested in investing in and closer ties with Telecom Italia if the current pact between Telecom Italia shareholders, which includes Telefonica (TEF.MC), is wound up, Libero said in an unsourced report.