Analyst Wants To See Tracker

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ABN AMRO Bank N.V. analyst Ken Leon restated a "buy" rating on Motorola Inc. last week, urging the company to issue a tracking stock for the broadband cable business. Motorola created its Broadband Communications Sector division in January, after buying set-top maker General Instrument Corp. "Motorola's broadband-business outlook is just as strong as [competitor] Scientific-Atlanta [Inc.'s], and we believe a tracking stock should be considered to unlock shareholder value," Leon wrote. Leon figured the broadband and other nonwireless businesses were worth about $20 per share. He also re-stated a $43 price target. Motorola closed at $33.31 July 11, up 81 cents.

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