Piper Jaffray analyst Mike Ritzenthaler reiterated an Overweight rating on RPM International (NYSE: RPM) and boosted its price target from $50 to $53 following Q3 results, which where $0.03 ahead of the firm's estimates and the consensus.

"Going forward, we anticipate a stronger contribution from North America will combine with continued solid growth in Consumer (which was negatively impacted in F3Q by weather) to drive our 12% earnings growth forecast for FY15," Ritzenthaler said. The firm raised FY 2014 EPS from $2.10 to $2.15 and FY 2015 EPS from $2.36 to $2.40.

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Shares of RPM International closed at $44.14 yesterday.