We do not like to be praised if (a) the praiser is beneath us; (b) what is praised is something insignificant or common; (c) the praise is insincere, perhaps by having an ulterior motive; (d) the praise is mistaken in that we lack the excellence attributed to us.
Particularly annoying is to be praised for something insignificant while one's actual virtues go unappreciated. So be careful in your bestowal of praise: take care that you do not offend the one you hope to flatter.