diff --git a/compiler/testData/builtin-classes/default/kotlin.txt b/compiler/testData/builtin-classes/default/kotlin.txt
index 7c1d2dabaa4..a7000715188 100644
--- a/compiler/testData/builtin-classes/default/kotlin.txt
+++ b/compiler/testData/builtin-classes/default/kotlin.txt
@@ -565,7 +565,7 @@ public abstract class Number {
     public abstract fun toShort(): kotlin.Short
 }
 
-@kotlin.annotation.Target(allowedTargets = {AnnotationTarget.TYPE_PARAMETER}) @kotlin.annotation.MustBeDocumented @kotlin.SinceKotlin(version = "1.1") public final annotation class ParameterName : kotlin.Annotation {
+@kotlin.annotation.Target(allowedTargets = {AnnotationTarget.TYPE}) @kotlin.annotation.MustBeDocumented @kotlin.SinceKotlin(version = "1.1") public final annotation class ParameterName : kotlin.Annotation {
     /*primary*/ public constructor ParameterName(/*0*/ name: kotlin.String)
     public final val name: kotlin.String
         public final fun <get-name>(): kotlin.String
diff --git a/compiler/testData/builtin-classes/java6/kotlin.txt b/compiler/testData/builtin-classes/java6/kotlin.txt
index cbc6258fb32..210307557fb 100644
--- a/compiler/testData/builtin-classes/java6/kotlin.txt
+++ b/compiler/testData/builtin-classes/java6/kotlin.txt
@@ -569,7 +569,7 @@ public abstract class Number : kotlin.Any, java.io.Serializable {
     public abstract fun toShort(): kotlin.Short
 }
 
-@kotlin.annotation.Target(allowedTargets = {AnnotationTarget.TYPE_PARAMETER}) @kotlin.annotation.MustBeDocumented @kotlin.SinceKotlin(version = "1.1") public final annotation class ParameterName : kotlin.Annotation {
+@kotlin.annotation.Target(allowedTargets = {AnnotationTarget.TYPE}) @kotlin.annotation.MustBeDocumented @kotlin.SinceKotlin(version = "1.1") public final annotation class ParameterName : kotlin.Annotation {
     /*primary*/ public constructor ParameterName(/*0*/ name: kotlin.String)
     public final val name: kotlin.String
         public final fun <get-name>(): kotlin.String
diff --git a/compiler/testData/builtin-classes/java8/kotlin.txt b/compiler/testData/builtin-classes/java8/kotlin.txt
index 8be3d90d895..be04f6d651d 100644
--- a/compiler/testData/builtin-classes/java8/kotlin.txt
+++ b/compiler/testData/builtin-classes/java8/kotlin.txt
@@ -571,7 +571,7 @@ public abstract class Number : kotlin.Any, java.io.Serializable {
     public abstract fun toShort(): kotlin.Short
 }
 
-@kotlin.annotation.Target(allowedTargets = {AnnotationTarget.TYPE_PARAMETER}) @kotlin.annotation.MustBeDocumented @kotlin.SinceKotlin(version = "1.1") public final annotation class ParameterName : kotlin.Annotation {
+@kotlin.annotation.Target(allowedTargets = {AnnotationTarget.TYPE}) @kotlin.annotation.MustBeDocumented @kotlin.SinceKotlin(version = "1.1") public final annotation class ParameterName : kotlin.Annotation {
     /*primary*/ public constructor ParameterName(/*0*/ name: kotlin.String)
     public final val name: kotlin.String
         public final fun <get-name>(): kotlin.String
diff --git a/compiler/testData/builtin-classes/newMethods/kotlin.txt b/compiler/testData/builtin-classes/newMethods/kotlin.txt
index 93127b720d9..3a093e8a8dd 100644
--- a/compiler/testData/builtin-classes/newMethods/kotlin.txt
+++ b/compiler/testData/builtin-classes/newMethods/kotlin.txt
@@ -569,7 +569,7 @@ public abstract class Number : kotlin.Any, java.io.Serializable {
     public abstract fun toShort(): kotlin.Short
 }
 
-@kotlin.annotation.Target(allowedTargets = {AnnotationTarget.TYPE_PARAMETER}) @kotlin.annotation.MustBeDocumented @kotlin.SinceKotlin(version = "1.1") public final annotation class ParameterName : kotlin.Annotation {
+@kotlin.annotation.Target(allowedTargets = {AnnotationTarget.TYPE}) @kotlin.annotation.MustBeDocumented @kotlin.SinceKotlin(version = "1.1") public final annotation class ParameterName : kotlin.Annotation {
     /*primary*/ public constructor ParameterName(/*0*/ name: kotlin.String)
     public final val name: kotlin.String
         public final fun <get-name>(): kotlin.String
diff --git a/core/builtins/src/kotlin/Annotations.kt b/core/builtins/src/kotlin/Annotations.kt
index 29ea37a8723..7fddb716486 100644
--- a/core/builtins/src/kotlin/Annotations.kt
+++ b/core/builtins/src/kotlin/Annotations.kt
@@ -74,7 +74,7 @@ public annotation class ExtensionFunctionType
 /**
  * Annotates type arguments of functional type and holds corresponding parameter name specified by the user in type declaration (if any).
  */
-@Target(TYPE_PARAMETER)
+@Target(TYPE)
 @MustBeDocumented
 @SinceKotlin("1.1")
 public annotation class ParameterName(val name: String)