The first energy sector rose 3.8% before trading, and Morgan Stanley raised its target price to $52

US power company FirstEnergy rose 3.8% to $49.9 before trading. Morgan Stanley maintains its FirstEnergy overweight rating and has raised its target price from $51 to $52. The US Department of Energy announced $1.9 billion in grid upgrade funding, and Congress proposed the SURGE Act to reward grid efficiency improvements.