Morgan StanleyAnalyst Kristine Liwag will be Boeing Co(BA.N) the target price was raised from $230 to $250, maintaining an overweight rating.

Liwag told investors that she expects fuel costs to once again become a problem for global airlines as WTI and Brent crude prices have reached above $60 a barrel and are likely to continue to rise.

Liwag says the cost savings she calculated for the Boeing 737 MAX and Airbus A320neo justify replacing old aircraft at a time when cheap credit makes capital purchases more attractive, making her more bullish on Boeing Co and Airbus.