Bank of America Merrill Lynch downgraded shares of Corenergy Infrastructure Trust Inc , citing the uncertain growth outlook, year-to-date performance relative to the midstream MLP sector and a still somewhat elevated business risk profile. Unsustainable Uptrend? Analysts led by Gabe Moreen noted that CorEnergy has outperformed the AMZ index by 12 percent. The analysts feel the degree of outperformance is unwarranted, given the growth outlook. M&A Outlook, Funding A Worry Merrill Lynch clarified that the growth at CorEnergy is driven primarily by M&A, with the management having guided to one or two transactions per project range in 2017/18. The firm believes potential M&A might renew the company's growth story but feels the investors will focus on risk-adjusted returns, given the company's M&A track record.Source