Texas oil field

Restaurant analysts cautiously optimistic on Texas

Softness seen in oil-patch economy, but long-term trends solid, analysts say

Declining oil prices are muffling restaurant sales gains in some Texas markets, but equity analysts are cautiously optimistic on economic trends in the Lone Star State.

Analyst reports from Baird Equity Research and Maxim Group noted strengths in the state’s economy despite downward pressures in the oil sector, which led some public restaurant companies to start expressing concerns last fall.

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