UPS Sets Ambitious Long-Term Growth Targets But Warns of Near-Term Struggles as Shipping Slows

• UPS unveiled exciting long-term financial targets, including $108B-$114B revenue by 2026.

• However, UPS warned of a tough near-term environment, with profits down 40% this quarter.

• UPS is aggressively cutting costs in response to recent shipping declines.

• UPS shares have underperformed rival FedEx lately as UPS proves its cost-cutting efforts.

• UPS has great potential but must demonstrate progress for shares to rebound.