RBCCapital Markets LLC analyst TJ Schultz cut his investment opinion ofCorEnergy Infrastructure TrustInc. to "sector perform" from "outperform," anddecreased his price target to $23 from $25.

The analyst wrote in a research report: "We believeCorEnergy will trade at a discount to lower-growth, fee-based, midstream MLPswhile it proves out the durability of its Pinedale and GIGS contracts againstdistressed counter-parties. We view the company's core value proposition, whichallows E&P operators to monetize midstream assets while maintainingoperational control, as differentiated and attractive to potential upstreampartners but something that needs time to be further proven out in order tosupport growth."