MOST NOTEWORTHY: Red Lion Hotels (RLH), Constellation Energy (CEP), Brinker Int'l (EAT), Nvidia (NVDA) and InfoSpace (INSP) were today's noteworthy upgrades:
- Baird upgraded Red Lion Hotels (NYSE: RLH) to Outperform from Neutral based on valuation, brand expansion progress and takeover potential.
- Constellation Energy (NYSE: CEP) was upgraded to Buy from Hold at Citigroup based on higher cash flow expectations and valuation.
- JP Morgan upgraded Brinker (NYSE: EAT) to Overweight from Neutral, and sees potential upside from slower unit development and a possible Mac Grill sale.
- BMO Capital upgraded Nvidia (NASDAQ: NVDA) to Outperform from Market Perform following a strong second quarter.
- Stanford upgraded InfoSpace (NASDAQ: INSP) to Hold from Sell on valuation; They consider the core online segments looks to be priced into the stock and downside support is given with tax credits and the cash balance...
OTHER UPGRADES:
- JP Morgan upgraded shares of PepsiAmericas (NYSE: PAS) to Neutral from Underweight.
- Friedman Billings upgraded shares of Emulex (NYSE: ELX) to Outperform from Market Perform.
- DirecTV (NYSE: DTV) was raised to Buy from Hold at Gabelli.
- Seagate (NYSE: STX) was upgraded to Buy from Neutral at Goldman.
Analyst summaries provided by
TheFlyOnTheWall.com (subscription required).
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MOST NOTEWORTHY: EMC Corp, Emulex, VCG Holding and Conexant were today's noteworthy downgrades: 
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