AT&T was raised to “outperform” at Credit Suisse Group AG, which said Verizon’s anticipated introduction of the iPhone in the first quarter won’t hurt AT&T’s business as much as investors fear, reports “Bloomberg”

“The impact from the loss of iPhone exclusivity should be substantially less than current valuations imply,” Jonathan Chaplin, a Credit Suisse analyst, wrote in a report sent to clients today. AT&T is currently the only U.S. company that offer the iPhone.