if your projections need to be solid, why are you using analyst projections?
LBO analyses are primarily dependent on sensitivity analysis and case scenarios, particularly worse case scenarios and building data tables to see debt paydown and IRRs under stressful revenue and cash flow assumptions.

If its a large cap, well covered company, shouldn't analyst projection be used as the base case?

In general, if using analyst projections, does it make sense to mix GAAP historicals with analyst (non-GAAP) forecasts?

Analyst projections are utilized as a reference point. If you're doing an LBO, you must confer with management. But again, LBO sensitivity is more important. your GAAP historicals are supposed to be adjusted anyways. Truth be told, these are all fairly basic questions. Please take our Complex Trad... Analyst projections are utilized as a reference point. If you're doing an LBO, you must confer with management.
But again, LBO sensitivity is more important.
your GAAP historicals are supposed to be adjusted anyways.

Truth be told, these are all fairly basic questions.
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