Can AT&T survive the end of its exclusive iPhone contract? Probably. But one analyst believes the carrier won’t come away from its arrangement with Apple unbruised. “With its iPhone exclusivity likely to end in 2010, we believe performance could weaken,” Jefferies analyst Jonathan Schildkraut said Thursday.
The analyst put a “Hold” on AT&T shares with a $30 target. AT&T rival Verizon was given a “Buy” rating. Verizon shares could gain if it sells the iPhone later this year.
The carrier, hurting from a dust-up with iPhone owners over talk of reigning in increasing data usage, used the CES in Las Vegas to repair the relationship while also unveiling its after the iPhone plans.
