Ann Taylor Stock Selloff "Misguided" -Jefferies

Analyst Eliot Laurance said investors overreacted to resignation of COO at the women's retailer

Investment house Jefferies said that the resignation of the COO at women's retailer Ann Taylor's (ANN ) caused investors to oversell the stock today. Analyst Eliot Laurance said that investors who were selling on the resignation were "misguided."

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