diff --git a/Makefile.msvc b/Makefile.msvc
--- a/Makefile.msvc
+++ b/Makefile.msvc
@@ -20,7 +20,7 @@ SRC_DIR = "$(ROOT_DIR)/src"
 BUNDLE_DIR = "$(ROOT_DIR)/bundle"
 BUNDLES_DIR = "$(ROOT_DIR)/bundles"
 TTD = "openttd.exe"
-TARGET := $(shell echo $(PLATFORM) | sed "s/win64/x64/;s/win32/Win32/")
+TARGET := $(shell echo $(PLATFORM) | sed "s~win64~x64~;s~win32~Win32~")
 
 all:
 	$(Q)cp objs/$(TARGET)/Release/$(TTD) $(BIN_DIR)/$(TTD)