We investigate the excitation spectrum of the triangular-lattice antiferromagnetic $XXZ$ model using series expansions and mean field Schwinger bosons approaches. The single-magnon spectrum computed with series expansions exhibits rotonic minima at t
he middle points of the edges of the Brillouin zone, for all values of the anisotropy parameter in the range $0leq J^z/Jleq1$. Based on the good agreement with series expansions for the single-magnon spectrum, we compute the full dynamical magnetic structure factor within the mean field Schwinger boson approach to investigate the relevance of the $XXZ$ model for the description of the unusual spectrum found recently in $Ba_3CoSb_2O_9$. In particular, we obtain an extended continuum above the spin wave excitations, which is further enhanced and brought closer to those observed in $Ba_3CoSb_2O_9$ with the addition of a second neighbor exchange interaction approximately 15% of the nearest-neighbor value. Our results support the idea that excitation continuum with substantial spectral-weight are generically present in two-dimensional frustrated spin systems and fractionalization in terms of {it bosonic} spinons presents an efficient way to describe them.
