Jul 12, 2016 10:25 AM EDT By gretch, UniversityHerald Reporter

Tesla Motors received its second price cut 210 from 220. The company also reiterated its sector performance rating on the stock market. The price target cut followed Pacific Crest Securities' cut to 190 from 212 while maintaining its sector weight rating.

Tesla Motors is facing challenges and safety concerns in its production. The National Highway Traffic Safety Administration is currently investigating on Tesla's autopilot feature after the fatal crash that happened in Florida in May.

Tesla Motors shares increased as high as 219.81 on the stock market recently, which briefly topped its 50-day and 200-day moving averages. However, the stock reversed and the day ended with 216.78 shares.

Tesla Motors reported a first quarter loss and they expected to ship 20,000 cars in the second quarter of the year, Investors reported.

Juno Therapeutics was recently hit with a target cut as FBR Capital Markets reiterated its outperform rating on Juno and lowered its price target to 61 from 73. FBR & Co's target price indicates a possible upside of 49.44 percent of the company's current price.

Juno Therapeutics shares plunged from 31.9 percent to 27.81 on Friday after Juno ceased a mid-stage study on a possible treatment for leukemia, following the deaths of two patients. The company's 50-day moving average is $42.10 while its 200-day moving average is $38.69. Juno Therapeutics has a 12-month low of $22.37 and a 12-month high of $57.82.

Intel receives a target hike as RBC raised its price target on Intel stock to 34 from 33, maintaining its sector perform rating. Intel Corporation shares climbed by more than 2 percent to as high as $33.94. The positive reports come after the price target increase from Pacific Crest earlier this week.

Intel's Client Computing Group should benefit from strengthening PC demand and the ramp of Apple's (AAPL) Iphone 7, according to Amit Daryanani, RBC analyst. He said that he increased his revenue estimates for the Client Computing Group as a result of the recent strength in PCs, Investing reported.

See Now: Covert Team Inside Newsweek Revealed as Key Players in False Human Trafficking Lawsuit