Barclays analyst Kannan Venkateshwar expects Disney's earnings growth to accelerate in 2018, providing a "strong floor" for the stock, but he feels it is "tough to argue" that the shares are cheap. Disney (DIS) is a trading at the same level as Time Warner (TWX), which has a takeover bid and is growing faster, Venkateshwar tells investors in a research note. The analyst points out that 2018 also brings the retirement of Disney CEO Bob Iger as well as the expiring contract of Studio Chairman Alan Horn. He raised his price target for Disney shares to $99 from $89 and keeps an Equal Weight rating on the name.