Morgan Stanley says AT&T's WarnerMedia spinoff should 'unlock value,' drive upside for stock

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Hannah Miao@hannahmiao_
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John Stankey, President & Chief Operating Officer of AT&T and Chief Executive Officer of WarnerMedia, speaks onstage at HBO Max WarnerMedia Investor Day Presentation at Warner Bros. Studios on October 29, 2019 in Burbank, California.
Presley Ann | Getty Images Entertainment | Getty Images

Morgan Stanley believes AT&T's forthcoming spinoff of WarnerMedia should be the next catalyst that drives share price higher in the coming weeks.