CHANGE IN RATINGS

Franklin Resources ( BEN) upgraded at JP Morgan to Neutral. Deterioration at Templeton has already been priced in, and fund performance has stabilized.

Cognos downgraded at Morgan Stanley from overweight to equalweight but raises its price target from $50 to $58 to reflect the IBM buyout offer.

Eagle Bulk Shipping ( EGLE - Get Report) upgraded at UBS to Buy rating from Neutral. Price target holds at $33 while FY 2008 eps estimates lift to $1.67 from $1.58.

EOG Resources ( EOG - Get Report) upgraded at Citigroup from Sell to Hold. $90 price target. Natural gas-based stocks should outperform their oil-based peers over the coming quarters.

Hershey ( HSY - Get Report) downgraded at Bear from Peer Perform to Underperform. Estimates also cut, as the new CEO will likely spend more on R&D and marketing to try and boost sales.

InnerWorkings ( INWK) upgraded at Jefferies to Buy rating from Hold. Price target holds at $17, while FY 2008 eps estimates dip to $0.55 from $0.51.

International Paper ( IP) upgraded at Citigroup from Hold to Buy. Valuation call, as the weaker dollar should help support the company's key commodity prices going forward. $40 price target.

j2 Global ( JCOM) upgraded at Jefferies to Buy rating from Hold. Price target and fY 2008 eps estimates hold at $32 and $1.71, respectively.

Quicksilver Resources ( KWK) upgraded at Citigroup from Hold to Buy. $66 price target. High reserve replacement ratio could drive earnings and the stock price.

MAP Pharma initiated at Morgan Stanley with an overweight rating and $20 price target.

Oracle ( ORCL) upgraded at CIBC from Sector Perform to Outperform. Company should still be able to deliver double-digit earnings growth, despite slower near-term growth in the US.

Omnivision Technologies ( OVTI) upgraded at CIBC to Sector Outperform. $25 price target. Channel checks suggest that sales are building in momentum and visibility.

Qwest Communications ( Q) upgraded at Citigroup from Sell to Hold. $7 price target. Risk-reward scenarios are more balanced at current levels.

Target ( TGT - Get Report) downgraded at Merrill to Neutral. Chances of a credit sale are now less than 50%, and retail margins could remain under pressure through the first half of 2008.

STOCK COMMENTS / EPS CHANGES

Fortress Investment Group ( FIG) 2007 estimates cut at Goldman to $1.02 from $1.20 following disappointing Q3 earnings. Note that Q4 fund performance is back on track, though market conditions remain tough for selling private equity assets. Price target cut to $21 from $24 and maintained Buy rating.

Home Depot ( HD - Get Report) price target lowered at Goldman to $33 from $35 based on disappointing Q3 earnings stemming from continuing weakness in sales trends. Maintained Buy rating.