Stephens analyst Jack Atkins continues to view Delta Air Lines' risk and reward as "very attractive" and has "re-enforced conviction" in its stock over the near and long term after attending the company's analyst event. As part of its plan to achieve positive unit revenue, Delta Air Lines reduced its 2016 capacity guidance in the second half of the year, increased its free cash flow guidance range and committed to returning at least 70% of its free cash flow to shareholders, the analyst tells investors in a research note. Atkins reiterates an Overweight rating and $65 price target on the shares.