Tesla price target lowered to $225 from $259 at UBS

UBS lowered the firm’s price target on Tesla (TSLA) to $225 from $259 and keeps a Sell rating on the shares. The firm cut its Q1 delivery forecast to 367,000 from the 437,000 it plugged in as a placeholder post Tesla’s Q4 results. It believes the current run-rate may be slower, but is counting on an end-of-quarter push, potentially driven by more promotional activity. UBS Evidence Lab data shows low delivery times for the Model 3 and Model Y, generally within two weeks, in key markets which is indicative of softer demand, the analyst tells investors in a research note.