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This should get the job done:
=IF(WEEKDAY([TargetDate])<=5;[TargetDate]<=5,[TargetDate]-WEEKDAY([TargetDate])-2;[TargetDate]2,[TargetDate]-WEEKDAY([TargetDate])+5)
=IF(WEEKDAY([TargetDate])<=5;[TargetDate]-WEEKDAY([TargetDate])-2;[TargetDate]-WEEKDAY([TargetDate])+5)
=IF(WEEKDAY([TargetDate])<=5,[TargetDate]-WEEKDAY([TargetDate])-2,[TargetDate]-WEEKDAY([TargetDate])+5)
