can make handle % in file names?

Makefile

THINGS = foo%bar foo.bar

SRCS =  $(THINGS:%=src/%)
OBJS = $(THINGS:%=obj/%)

install: $(OBJS)

obj/%: src/%
        @echo Making $@ from $<
        rm -f $@
        cp -f $< $@
        chmod 444 $@

setup: src obj $(SRCS)
        touch src/food_at_the_bar
        touch src/foolbar

src obj:
        mkdir -p $@

src/%: src
        touch $@

clean:
        rm -rf src obj

test.md

$ make clean
rm -rf src obj

$ make setup
mkdir -p src
mkdir -p obj
touch src/foo%bar
touch src/foo.bar
touch src/food_at_the_bar
touch src/foolbar

$ make install
Making obj/foo%bar from src/foo%bar
rm -f obj/foo%bar
cp -f src/foo%bar obj/foo%bar
chmod 444 obj/foo%bar
Making obj/foo.bar from src/foo.bar
rm -f obj/foo.bar
cp -f src/foo.bar obj/foo.bar
chmod 444 obj/foo.bar

$ find obj
obj
obj/foo.bar
obj/foo%bar

$ type make
make is hashed (/home/mgerdts/buglets/projects/illumos/usr/src/tools/proto/root_i386-nd/opt/onbld/bin/i386/make)

$ make -v
make: illumos make