The announcement of capital expenditures in the range of $60M-$70M for FY24 by Quad Graphics indicates a planned investment in the company's future growth or maintenance. This could be seen as a positive signal to investors about the company's long-term strategy and financial planning. However, without additional context on how these expenditures compare to previous years or specific projects they will fund, the immediate impact on the stock price is uncertain, hence a neutral score.