Jefferies analyst Janardan Menon initiated coverage of Nokia Oyj with a Buy rating and EUR 6 price target. Menon sees 2022 as a strong year for telecom equipment makers citing lofty U.S. C-band deployments and improved 5G roll-outs in Europe. Menon expects Nokia to benefit from an acceleration in sales, margin expansion, and a valuation re-rating. By Anusuya Lahiri  © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.