Biogen Idec Inc. (NASDAQ: BIIB) is one that every analyst under the sun had already upgraded when it was above $100, but now shares have sold off with the market.  On Thursday came an upgrade to Outperform with a $109 price target by Oppenheimer.  This implies upside of about 20%, but it is interesting to know that the $109.00 high had been hit back on June 30.

Blue Coat Systems Inc. (NASDAQ: BCSI) had a disaster of an earnings report and the stock fell from $17.68 to $13.31 in a day, only to drop the following day and then to close out the week on an even lower down-note at $12.54.  Fugly you say.  The analysts all got it wrong and there were many lemmings here… Downgrades were issues after the fact by Piper Jaffray, BofA/ML, Sten Agee, Needham, Lazard, and Miller Tabak.  Sometimes there is just a case where no one gets the call right. Some were already at “Hold” or at “Neutral” ahead of the report.

Google Inc. (NASDAQ: GOOG) was given a controversial call after its Motorola Mobility acquisition this week.  The equity rating was downgraded to SELL with a $500 target at S&P Equity Research late on Tuesday.  What made this one son interesting is that Google had been reaffirmed strongly by S&P Credit Ratings earlier that same day.

Lexmark International Inc. (NYSE: LXK) was perhaps luck perhaps charm…. The printer company was downgraded to Sell early Monday morning at Goldman Sachs.  The stock closed at $31.69  on Friday, opened at $30.42 on Monday, and closed out the week at $28.46.  The analyst will count that as a savings of about 10%, but they still would have saved you about 5% had you taken notice of the call.

Motorola Mobility Holdings Inc. (NYSE: MMI) was very under-loved before Google decided it would plunk down billions to buy the smartphone maker.  Some were bullish, but kudos to Raymond James for having a Strong Buy rating before the buyout.  They downgraded the stock to Underperform after the deal was announced.

Nokia Corporation (NYSE: NOK) is another one that can use all the help it can get.  Help came, at least verbal help, after it was raised to Hold at Jefferies on Thursday.  Removing another “Sell” equivalent rating is a plus even if that doesn’t sound like much of an endorsement.

Office Depot, Inc. (NYSE: ODP) had a bad week and sold off every day except for Monday, so any upgrade is so far not looking too solid.  Still, on Wednesday the beaten office products company was raised to Neutral at UBS after having previously been called a “Sell”.  Neutral might not sound like much, but after losing close to 60% of the stock value from a year-high anything sounds great.

Oracle Corporation (NASDAQ: ORCL) was by FBR Capital on Monday to the prized TOP PICK category.  The stock closed down on the week due to a poor market and bad technology stock trading, but this won’t have anything to do with the real ultimate outlook by FBR. The stock is down about 10% from when the call was made and that includes the mix of news from Salesforce.com and from H-P.