It's shaping up to be a challenging year for package delivery giant United Parcel Service (NYSE: UPS). A slowing economy and protracted labor negotiations pressured its top-line and margin performance. To add to the challenges, the situation looks like it could get worse before it gets better.

But there's still a strong case for buying UPS stock now and riding out the volatility. 

Would it surprise you to learn that UPS both hit and missed its 2023 targets? The company hit the 2023 targets that management laid out in a UPS investor day presentation in 2021 a year early in 2022. However, due to a challenging year, it will miss those same targets in the full year 2023.

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Source Fool.com