Stifel analyst Michael Hoffman said training and professional development are a core value at Waste Connections and he expects the company's 15 year investment in Servant Leadership and resultant bench strength to be clearly demonstrated during CEO Ron Mittelstaedt's leave of absence. According to Hoffman, the "market can be assured" that business continuity will be preserved while Mittelstaedt takes leave. The analyst reiterates his Buy rating and $88 target price on Waste Connections shares following the company's announcement of the CEO's leave.

Sees Q2 adjusted EBITDA $715M-$723M. Comments taken from Q1 earnings conference call.