Market CLSA downgrades Bank of Baroda, cuts target price post mixed Q4 earnings Updated : June 25, 2020 01:59 PM IST CLSA factors in a drop in pre-provision operating profit (PPOP) over FY20-22CL, slippage of 8.5 percent over FY20-22CL and expects ROE to meaningfully turn positive only in FY23CL. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.