Salesforce (NYSE: CRM) wasn't a mighty force on the stock exchange Monday. On the back of a new, bearish analyst note, shares of the veteran business software developer lost nearly 4% of their value. That was a steeper drop than the over 2% recorded by the S&P 500 index.

To be fair to Salesforce, the new take on its stock by Jefferies prognosticator Brent Thill wasn't depressingly negative. Thill merely cut his price target on the stock to $250 per share, not too far down from his previous $260. On top of that, he's maintaining his buy recommendation on the specialty tech company.

But it's exceedingly rare for an analyst to make such a move without having concerns. Citing recent research, Thill wrote that Salesforce "faces another tough setup with our survey indicating demand softness from macro impact." Because of this, he continued, expectations for the current quarter are low.

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Source Fool.com