Case studies in banking interviews?

I know IB doesn't have actual case studies like consulting interviews, but I was wondering to what extent will we be asked case study type questions? For instance, having to walk an interviewer through a analysis of a company and suggest possible buyers, targets, valuation multiples, competitors etc. 

Are there any tried and tested strategies to answering these types of questions? Like just really studying one or two companies random public companies and just being ready for any questions about them? 

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I got asked a case study and so did other people I knew who interviewed for a SA role at a mm this past spring. Ended up getting through the superday but of my 3 other superdays this was the only one with like a slideshow case study 30 min interview.

 

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