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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.
CLSA downgrades Bank of Baroda, cuts target price post mixed Q4 earnings

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