Investing.com -- Morgan Stanley took a mixed stance on software stocks Tuesday, growing bearish on Adobe and Workday even as it maintained an 'Attractive' view on the sector overall. Adobe fell 3.8% in premarket trading Tuesday, while Salesforce and Intuit slid 2.9% and 4.3%, respectively. Analysts led by Adam Wood started Adobe at Underweight with a $240 price target, citing concerns that the company faces multiple transitions at once. On Intuit, given a $335 price target, analysts said the stock's "price and valuation have been heavily impacted by negative investor perceptions of its moat." Related articlesAdobe, Salesforce and Intuit fall as Morgan Stanley begins cautious coverageChip stocks extend global rebound following last week's routSpaceX sets date for maiden earnings report: Why August 4 is make-or-break