Pacific Crest cites "increasing headwinds" in the wireless data business in reducing its rating...

|By:, SA News Editor

Pacific Crest cites "increasing headwinds" in the wireless data business in reducing its rating on AT&T (T +0.4%) to Sector Perform. Warning of a maturing market, the firm believes "AT&T's smartphone opportunity may be passing its peak," with "smartphone penetration above 50% of the postpaid base and sales likely to be north of 80% of handsets in Q4."