diff --git a/python/src/com/jetbrains/python/psi/PyWithItem.java b/python/src/com/jetbrains/python/psi/PyWithItem.java
index c9fabb094e2f..2b6998943f0e 100644
--- a/python/src/com/jetbrains/python/psi/PyWithItem.java
+++ b/python/src/com/jetbrains/python/psi/PyWithItem.java
@@ -1,10 +1,13 @@
 package com.jetbrains.python.psi;
 
+import org.jetbrains.annotations.Nullable;
+
 /**
  * @author yole
  */
 public interface PyWithItem extends PyElement {
   PyWithItem[] EMPTY_ARRAY = new PyWithItem[0];
 
-  PyTargetExpression getTargetExpression();
+  @Nullable
+  PyExpression getTargetExpression();
 }
diff --git a/python/src/com/jetbrains/python/psi/impl/PyWithItemImpl.java b/python/src/com/jetbrains/python/psi/impl/PyWithItemImpl.java
index 492f41b6c5cc..8e1e187e2834 100644
--- a/python/src/com/jetbrains/python/psi/impl/PyWithItemImpl.java
+++ b/python/src/com/jetbrains/python/psi/impl/PyWithItemImpl.java
@@ -1,9 +1,10 @@
 package com.jetbrains.python.psi.impl;
 
 import com.intellij.lang.ASTNode;
-import com.jetbrains.python.PyElementTypes;
-import com.jetbrains.python.psi.PyTargetExpression;
+import com.jetbrains.python.PyTokenTypes;
+import com.jetbrains.python.psi.PyExpression;
 import com.jetbrains.python.psi.PyWithItem;
+import org.jetbrains.annotations.Nullable;
 
 /**
  * @author yole
@@ -13,9 +14,18 @@ public class PyWithItemImpl extends PyElementImpl implements PyWithItem {
     super(astNode);
   }
 
-  public PyTargetExpression getTargetExpression() {
-    final ASTNode asNameNode = getNode().findChildByType(PyElementTypes.TARGET_EXPRESSION);
-    if (asNameNode == null) return null;
-    return (PyTargetExpression)asNameNode.getPsi();
+  @Nullable
+  public PyExpression getTargetExpression() {
+    ASTNode[] children = getNode().getChildren(null);
+    boolean foundAs = false;
+    for (ASTNode child : children) {
+      if (child.getElementType() == PyTokenTypes.AS_KEYWORD) {
+        foundAs = true;
+      }
+      else if (foundAs && child.getPsi() instanceof PyExpression) {
+        return (PyExpression) child.getPsi();
+      }
+    }
+    return null;
   }
 }
diff --git a/python/src/com/jetbrains/python/psi/impl/PyWithStatementImpl.java b/python/src/com/jetbrains/python/psi/impl/PyWithStatementImpl.java
index e5804887d567..7e3ace0beac2 100644
--- a/python/src/com/jetbrains/python/psi/impl/PyWithStatementImpl.java
+++ b/python/src/com/jetbrains/python/psi/impl/PyWithStatementImpl.java
@@ -5,10 +5,7 @@ import com.intellij.psi.PsiElement;
 import com.intellij.psi.tree.TokenSet;
 import com.intellij.psi.util.PsiTreeUtil;
 import com.jetbrains.python.PyElementTypes;
-import com.jetbrains.python.psi.PyElement;
-import com.jetbrains.python.psi.PyElementVisitor;
-import com.jetbrains.python.psi.PyWithItem;
-import com.jetbrains.python.psi.PyWithStatement;
+import com.jetbrains.python.psi.*;
 import org.jetbrains.annotations.NotNull;
 
 import java.util.ArrayList;
@@ -34,7 +31,8 @@ public class PyWithStatementImpl extends PyElementImpl implements PyWithStatemen
     List<PyElement> result = new ArrayList<PyElement>();
     if (items != null) {
       for (PyWithItem item : items) {
-        result.add(item.getTargetExpression());
+        PyExpression targetExpression = item.getTargetExpression();
+        result.addAll(PyUtil.flattenedParens(targetExpression));
       }
     }
     return result;
diff --git a/python/testData/resolve/WithParentheses.py b/python/testData/resolve/WithParentheses.py
new file mode 100644
index 000000000000..8e9ec981c9ae
--- /dev/null
+++ b/python/testData/resolve/WithParentheses.py
@@ -0,0 +1,6 @@
+from contextlib import nested
+with nested(patch('Package.ModuleName.ClassName'),
+            patch('Package.ModuleName.ClassName2', TestUtils.MockClass2)) as (MockClass1, MockClass2):
+    MockClass1.test.return_value = True
+#     <ref>
+    MockClass2.test.return_value = True
\ No newline at end of file
diff --git a/python/testSrc/com/jetbrains/python/PyResolveTest.java b/python/testSrc/com/jetbrains/python/PyResolveTest.java
index 5154e86d6a09..5508a00578a1 100644
--- a/python/testSrc/com/jetbrains/python/PyResolveTest.java
+++ b/python/testSrc/com/jetbrains/python/PyResolveTest.java
@@ -384,4 +384,8 @@ public class PyResolveTest extends PyResolveTestCase {
     final PsiElement element = doResolve();
     assertNull(element);
   }
+
+  public void testWithParentheses() {
+    assertResolvesTo(LanguageLevel.PYTHON27, PyTargetExpression.class, "MockClass1");
+  }
 }
\ No newline at end of file