Loop Capital analyst Andrew Wolf lowered his price target on Sysco to $75 after is Q1 results, saying the miss in its revenue and earnings came from the "increasing cost pressures at US Foodservice operations as well as a lack of product-cost inflation". The analyst also lowers his FY19 and FY20 EPS view by 15c to $3.40 and $3.75 respectively but kept his Buy rating, noting that the company's volumes were still solid and that his earnings projections still yield an annual average EPS growth of up to 12%. Wolf also states that the valuation on Sysco is "reasonable".