BUZZ-Berenberg lifts DraftKings PT, expects strong profit growth** Berenberg raises online sports betting company DraftKings' DKNG.O PT to $41.30 from $37.60; maintains "hold" rating
** Brokerage says market focus has shifted from revenue to profitability and loss minimization in recent years; expects DKNG to deliver strong profit growth over the coming years
** Says it expects DKNG to continue performing well in the U.S. as the market matures
** Thirty-one of 37 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $51 - LSEG data
** Up to last close, stock up 17% YTD
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com;))
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