My early prediction for Italy:
Archery 1 medal (men team as the best chance but possible also mixed team and Nespoli in individual)
Athletics 1 medal (Palmisano in race walking and Tamberi in high jump could have a chance)
Canoeing 1 medal (i think among both k1 slalom, k 1 200 man, c2 1000 man 1 medal should be possible)
Cycling road 1 medal (Nibali, Longo Borghini, Guderzo, and also Moscon in time trial are the best chances)
Cycling track 2 medals (men pursuit, men and women omnium and men Madison as the best chances)
Cycling MTB 1 medal (men race)
Fencing 5 medals ( 3 or 4 medals from foil, 1 from men team sarbre and 1 from epee)
Gymnastics artistic 1 medal (I think something good from the young girls)
Rhytmics 1 medal from team
Judo 1 medal (Basile, Lombardo, Giuffrida, men 81 kg, Gwend are possible medal contenders)
Modern pentathlon 1 medal (more an hope than a real chance but especially girls are very talented)
Karate 2 medals (women kata, Cardin, Busà and Crescenzo are medal contenders)
Rowing 3 medals (four, quadruple, pair and lightweight double are medal contenders, then there is the dream of a medal from the 8, of course all men boats)
Sailing 1 medal (Nacra for sure then both Rsx and men 470 could have a chance)
Shooting 3 medals (Skeet, trap and mixed trap for sure, then there is Zublasing)
Swimming 4 medals (pool and open water:Detti in 400 and 800, Paltrinieri in 800, 1500 and open water, Quadarella in 1500, Miressi in 100, 4x100 men freestyle, Cusinato in 400 medley, Bridi and Bruni in open water, I think this will be the best national team Italy ever had, many very good swimmers for final but I fear not for medals)
Volleyball 1 medal (counting also beach volley: women team and Nicai Lupo in beach are medal contenders)
Waterpolo 1 medal (probably men more likely than women)
Wrestling 1 medal (Chamizo)