Could you provide a whole makefile? But right now I can tell - you should check that "install" target already exists. So, check Makefile whether it contains a
install: (anything there)
line. If not, there is no such target and so make has right. Probably you should use just "make" command to compile and then use it as is or install yourself, manually.
Install is not any standard of make, it is just a common target, that could exists, but not necessary.