TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer says Goldman Sachs made the right call by moving Monster Beverage (MNST) from its BUY to CONVICTION BUY list. Cramer said he agrees with the analysts and said Monster is a buy. He added that the energy drink company is making progress with improving its new distribution network in Europe. Cramer added that he thought it would have gone more smoothly. Monster is now using Coca-Cola's (KO) distribution network. Investors should also remember that Coca-Cola has a stake in Monster. Cramer said the distribution transition has weighed on the stock. However, Cramer is not all that concerned in the longer term, saying, ‘I like Monster.’
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