Buy Ford because a Trump border tax would hurt GM, Fiat Chrysler more, Barclays says

Ford Mustangs on the assembly line at the Ford Flat Rock Assembly Plant in Flat Rock, Michigan.
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Investors should buy Ford Motor shares because it makes more of its cars in the U.S. than do peers, insulating it from a possible potential border tax implemented by the Trump administration and GOP-led Congress, according to Barclays, which upgraded the automaker to overweight from equal weight.

"Our move to upgrade Ford is predicated on the idea that the stock will re-rate higher as investors better appreciate its relative advantages in a border adjustment scenario," analyst Brian Johnson wrote in a note to clients Friday. "Any way you look at it, Ford looks better positioned than GM and FCA (Fiat Chrysler)."

To offset a large corporate tax rate reduction, House Republicans aim to generate funds by taxing imports.