UPDATE 1-Pirelli RE 9-mth loss widens, hikes savings goal

* 9-mth net loss 57.9 million euros

* Reiterates full-year forecast

* Pirelli RE shares up 2.1 percent

(Adds details, shares)

MILAN, Nov 4 (Reuters) - Italy's Pirelli & C Real Estate SpA (PCRE.MI: Quote, Profile, Research) posted a wider nine-month net loss on Wednesday, as restructuring costs and writedowns weighed, and raised its savings target for 2009. The net loss widened to 57.9 million euros ($85.37 million) from 12.9 million euros a year earlier. That was less than two analysts' forecasts for a loss of 63 million euros and 70 million euros. Income fell 33 percent to 199 million euros, Pirelli RE, a unit of industrial group Pirelli & C SpA (PECI.MI: Quote, Profile, Research), said.

Pirelli RE upped its full-year cost savings target to 65 million euros, from 50 million euros, after booking 47 million euros up to September.

It also reiterated its full-year forecast for earnings before interest and tax. At 1222 GMT, Pirelli RE shares were up 2.1 percent at 0.5350 euros, little changed after the results.

(Writing by Nigel Tutt; Editing by Erica Billingham)

($1=.6782 Euro)