Citigroup, Micron Tech, Western Union, ERIC, MSFT Heavily Traded Shares Feb 8th

Citigroup Inc. (NYSE:C): Five of the country’s biggest mortgage lenders–Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C) and Ally Financial–are moving closer to a $25B settlement over foreclosure abuses, and it’s now being understood that any deal will have little or no impact on their future bottom lines, reports Reuters.

Micron Technology, Inc. (NASDAQ:MU): JMP Securities believes that Micron has several positive catalysts. JMP Securities expects the company’s Analyst Day on February 10 to increase investors’ confidence that a cyclical bottom has been reached, causing the stock to advance. The firm recommends buying the stock.

The Western Union Company (NYSE:WU): Jefferies views the weakness in Western Union shares following the company’s 2012 guidance as a buying opportunity. The firm lowered its price target for shares to $23 from $24 but finds the valuation attractive at current levels.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC): Ericsson has been selected by Bouygues Telecom to transform its existing second- and third-generation radio networks in order to improve network performance as data traffic increases and more people move into French cities. The contract also calls for rollout of a fourth-generation network, or 4G/LTE, or Long Term Evolution, combined with a comprehensive package of services ranging from design, integration, rollout, to customer support. This major, multi-year project has already begun and will be based on Ericsson RBS 6000 multi-standard equipment for the populous regions le de France, Centre-Alpes and Mditerrane. The result will be greater operational and energy efficiency for Bouygues Telecom and a further enhanced user experience, higher quality of service and faster connection speeds for the operator’s 12M subscribers. Bouygues Telecom covers 93% of the French population with its 3G+ network.

Microsoft Corporation (NASDAQ:MSFT): Nokia (NYSE:NOK) says there are “no alternatives” other than to succeed with the transition to Microsoft (NASDAQ:MSFT) Windows Phone operating system from its Symbian smartphone platform, Dow Jones reports, citing Swedish business daily Dagens Industri. Nokia VP and Head of Nokia Eurasia, Victor Saeijs, says “Plan B is that plan A must succeed.”

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com