Disney shares may rise 50 percent in three years: Barron's

Walt Disney Co could climb 50 percent over the next three years on its uncanny ability to generate profits from its businesses including movies, merchandise and parks and cruise lines, Barron's said in its latest edition published on Sunday. Wall Street analysts forecast the Burbank, California-based entertainment and media company will grow its earnings per share by 16 percent this year to $5.03 and 13 percent next year to $5.67. This put Disney's stock price at 18 times earnings, the