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RBC Capital Markets LLC downgrades CorEnergy Infrastructure Trust to 'sector perform'

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."